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Niyogin Fintech Limited has successfully raised ₹56.2 crore through the conversion of warrants, reflecting strong investor confidence in the company’s growth strategy. Following approval from the Board of Directors, 1.64 crore equity shares were allotted at ₹45.62 per share.
The warrant holders had earlier contributed ₹19.2 crore at the time of subscription, and the latest round raised an additional ₹56.2 crore. Key investors participating in the conversion included MK Ventures, Aionios Alpha Investment Management, and Ashika Group. Additionally, the Promoter Group, led by Non-Executive Chairman and Co-founder Amit Rajpal, reaffirmed their commitment by exercising their subscribed warrants.
Expressing gratitude for the investors' support, Tashwinder Singh, Managing Director & CEO of Niyogin Fintech, stated, "In today’s challenging market environment, this strong response underscores confidence in our growth strategy and future potential. The proceeds from this subscription will be used to scale our lending book and strengthen our balance sheet as we remain committed to our FY26 and FY27 guidance."
Niyogin Fintech has projected substantial growth over the next two financial years. By FY26, the company aims to expand its tech-enabled NBFC business, targeting a book size of ₹500-550 crore with an expected Return on Equity (RoE) between 6% and 6.5%. By FY27, the book size is projected to grow to ₹750-800 crore, with RoE exceeding 14.5%.
On the tech infrastructure front, the company forecasts net revenue of ₹70-80 crore in FY26, increasing to over ₹150 crore by FY27. The EBITDA margin is expected to improve from 12-15% in FY26 to 18-20% in FY27, indicating strong operational efficiency and profitability.
Niyogin Fintech Ltd. is a BSE-listed fintech company and a registered NBFC that leverages AI-driven technology and strategic partnerships to offer financial solutions to underserved rural communities and micro-businesses. By integrating a robust API-driven infrastructure, the company enhances digital lending and credit assessment with minimal manual intervention.
Its subsidiary, iServeU, is focused on modernising financial services through cloud-based, scalable solutions for banking, lending, and merchant management. The company provides Banking-as-a-Service (BaaS) and Software-as-a-Service (SaaS) solutions to banks, NBFCs, and cooperative institutions, enabling digital transformation and market expansion.
With this latest fund infusion, Niyogin Fintech is poised for accelerated growth, strengthening its position in India's rapidly evolving fintech landscape.
