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Niro Crosses INR 1,000 Crores in Disbursals, Solidifies Leadership in Embedded Consumer Lending

Niro's Milestone in Consumer Lending


Niro Crosses INR 1,000 Crores in Disbursals, Solidifies Leadership in Embedded Consumer Lending

Niro, India’s fastest-growing embedded consumer-lending platform, has surpassed INR 1,000 crores ($125 million) in disbursals within just 27 months of its launch. This remarkable achievement cements Niro’s position as a leader in the fintech sector, demonstrating its rapid growth and significant impact on the financial landscape.

Pioneering Embedded Credit Distribution

Since its inception in 2022, Niro has been at the forefront of redefining how credit is distributed in India. The platform specializes in creating personalized, frictionless, and competitive credit products that are seamlessly integrated into leading consumer internet platforms. These partnerships include major names like NoBroker, Snapdeal,, and Sharechat. By embedding its offerings into these platforms, Niro provides easy access to credit for millions of users, enhancing financial inclusion and convenience.

Strategic Partnerships and Financial Inclusion

Niro’s success is underpinned by strategic partnerships with some of India’s leading financial institutions. Collaborations with IDFC First Bank, PayU Finance, Aditya Birla Capital, and Piramal Finance have been crucial in empowering Niro to cater to a diverse customer base across various economic sectors. These partnerships enable Niro to offer a wide range of credit products tailored to meet the specific needs of its users, thereby driving customer satisfaction and loyalty.

Unprecedented Scale and Data Utilization

In a short period, Niro has achieved an unparalleled scale in distribution, reaching over 250 million monthly active users by the end of March 2024. Out of this vast user base, approximately 35 million users are currently whitelisted, meaning they are pre-approved for financial products with Niro. This extensive reach has created a robust distribution and data moat, giving Niro a competitive edge in the market.

Niro leverages the power of data and analytics to gain deep insights into user behavior and needs. By analyzing this data, Niro can tailor its product offerings to better serve its customers, ensuring high levels of satisfaction and loyalty. The platform boasts repeat rates of over 60%, highlighting its ability to meet and exceed customer expectations consistently.

Leadership Perspective

Aditya Kumar, Co-founder and CEO of Niro, expressed his excitement over this milestone. “We are thrilled to reach this significant milestone of Rs. 1000 crore in disbursals within such a short span of time. This achievement is a testament to the hard work and dedication of the entire Niro team, as well as the strength of the thesis & timing. I would like to extend my heartfelt gratitude to our partners for their trust and support, and to every SuperNiro for their relentless commitment to our mission.”

Kumar’s acknowledgment of the collaborative effort highlights the importance of teamwork and strategic alliances in Niro’s success. His gratitude towards the partners underscores the symbiotic relationship that has propelled Niro to its current status.

Driving Financial Inclusion

Niro’s mission extends beyond just providing credit; it aims to drive financial inclusion across India. By offering accessible and tailored financial products, Niro helps bridge the gap between traditional financial services and underserved populations. This focus on inclusivity is crucial in a country where a significant portion of the population remains unbanked or underbanked.

The platform’s innovative approach to embedded lending ensures that users can access credit when and where they need it most, directly through the digital platforms they already use. This integration not only simplifies the process for users but also enhances the efficiency and reach of Niro’s services.

Future Outlook

With the achievement of INR 1,000 crores in disbursals, Niro is poised for even greater success in the future. The company plans to continue expanding its partnerships and enhancing its product offerings to meet the evolving needs of its customers. As Niro grows, it remains committed to its mission of making credit accessible and affordable for all, leveraging technology and data to drive innovation in the fintech space.

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