Author: Team CEO VINE

The CEO VINE editorial team consists of young and dynamic journalists, writers, and brand strategists with prior experience in reputed news and magazine organizations. With strong expertise in business journalism and storytelling, the team covers startup updates, founder interviews, investment stories, and brand success narratives with credibility and depth.

Bengaluru-based fintech startup Niro has ceased operations after a four-and-a-half-year journey in the digital lending space. The decision marks the end of a venture that once sought to transform consumer credit access through embedded finance partnerships. The company had raised nearly $20 million from notable investors including Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC, and Innoven Capital. Despite strong investor backing, tightening regulatory frameworks and growing concerns over credit quality ultimately hindered its long-term viability. Founded in 2021 by Aditya Kumar and Sankalp Mathur, Niro operated a B2B2C credit platform that allowed consumer internet brands to…

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