Prominent digital lending firm Niyogin Fintech has raised INR 56.2 crore by turning warrants into equity shares. This step strengthens the capital basis of the business therefore allowing more expansion in the sectors of digital lending and financial inclusion.
Prominent investors including MK Ventures, Aionios Alpha Investment Management, Ashika Group, cofounder Amit Rajpal of Niyogin, participated in the conversion. When these investors first signed up for the warrants, they had committed INR 19.2 Cr upfront. After this conversion, Niyogin issued 1,64,40,011 equity shares at INR 45.62 each, therefore securing the remaining money.
Vision for Leadership: Tashwinder Singh, the CEO
Niyogin has been extending its fintech presence under Tashwinder Singh’s leadership, with an emphasis on providing innovative financial solutions to small businesses. His strategic sense and execution skills have set the business for ongoing expansion.
Boosting Financial Strength
The conversion enables the business to enhance liquidity and finance its technologically advanced financial services in line with Niyogin’s long-term development plan. Strong investor confidence allows this capital expenditure to provide the avenue for more significant market penetration and new product development.
Dedication to Digital Lending & Financial Inclusion
Niyogin has constantly expanded its fintech products, to empower individuals and small businesses with simple loan access. This latest development emphasizes its will to increase operations and improve financial empowerment all around India.
Future Vision: Reaching New Heights
Niyogin is ready to accelerate its expansion, create digital loan options, and widen its clientele with a better financial situation. This equity conversion is a purposeful endeavour to guarantee long-term profitability and achievement as fintech acceptance increases.
Also Read: Amazon acquires fintech lending startup Axio to transform digital finance
