Fintech startup Niro shuts business after failing to raise capital amid regulatory crackdown
Published on: Oct. 7, 2025, 2:14 p.m. | Source: The Economic Times
Fintech startup Niro has shut down after four and a half years. The company cited changes in the sector and difficulties in securing new funding as reasons for its closure. Niro had previously raised significant capital and facilitated loan disbursements for e-commerce platforms. Despite its efforts, the startup could not overcome regulatory challenges and capital constraints.
