Niyogin Fintech has completed acquisition of 51% stake in iServeU for Rs 592 million ($8million) in a cash plus stock deal in August 2020. The acquisition is now closed. iServeU leverages the full capability of digital platforms and public payments infrastructure to reach the under banked with a focus on rural India. The company enables small village merchants to serve local communities and drive financial inclusion through iServeU's digital platform. The financial inclusion market opportunity remains extremely large in India and we are excited to work jointly with iServeU to address this.
Niyogin is India’s pure publicly listed fintech startup with an end-to-end digital platform empowering small business, starting with their financial needs and building a broader ecosystem meeting their non-financial requirements as well.
