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Niyo acquires Index

Digital banking fintech firm Niyo said it has bought Bengaluru-based personal finance startup Index for an undisclosed amount.

Niyo plans to integrate Index’s personal finance tracking features into its products, especially NiyoX. Founders of Index, Anand Krishna, and Kumar Siddhartha, will join Niyo as part of the deal, Niyo said.

Niyo, a digital banking fintech firm, was founded in 2015. It currently operates in 4 major business lines out of Bangalore, Mumbai, and Delhi. The company has sales in more than 20 states, with around 2 million customers.



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