Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

A wager with significant stakes or a route to sustainable income?

August 16, 2025

Director of the Bank Seeks Publisher in Banking and Fintech

August 16, 2025

A Comprehensive Fintech Approach Centered on Operational Resilience and AI Innovation

August 16, 2025

Fintech Niyo purchases Kanji Forex and appoints Amit Talwar as CEO of its Forex division.

August 16, 2025
Facebook X (Twitter) Instagram
Trending
  • A wager with significant stakes or a route to sustainable income?
  • Director of the Bank Seeks Publisher in Banking and Fintech
  • A Comprehensive Fintech Approach Centered on Operational Resilience and AI Innovation
  • Fintech Niyo purchases Kanji Forex and appoints Amit Talwar as CEO of its Forex division.
  • Kimberley Waldron began her public relations career.
  • Strategic Positioning in a Regulated Environment
  • Unilabs Finance ICO surpasses $12.6 million through AI-driven DEFI platform
  • Nedbank to purchase a South African fintech for $93 million in cash
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    JMJ Fintech experiences fluctuations despite robust recent financial results and growth strategies

    August 16, 2025

    Revolutionizing Financial Independence through Cryptocurrency Adoption

    August 16, 2025

    Reasons Robinhood is poised for long-term growth in the evolving FinTech and cryptocurrency sectors.

    August 16, 2025

    As profits increase, PB Fintech makes another move into common funds.

    August 1, 2025

    The integration of AI is advancing within Israel’s fintech sector.

    July 31, 2025
  • AI

    Unilabs Finance ICO surpasses $12.6 million through AI-driven DEFI platform

    August 16, 2025

    AI shortens the monthly financial closing period to 7.5 days: Research from MIT and Stanford

    August 15, 2025

    Assetlink secures a patent for AI-based financial twinning solutions.

    August 15, 2025

    Implementation of Real-Time AI AUTERIERE Authorization by Highmark Health

    August 15, 2025

    Drivpoint obtains $9 million to enhance financing options for AA retail sales.

    August 15, 2025
  • Acquisitions

    The funding strategy for the Fintech company is secured.

    July 31, 2025

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025
  • Trends

    A wager with significant stakes or a route to sustainable income?

    August 16, 2025

    A Comprehensive Fintech Approach Centered on Operational Resilience and AI Innovation

    August 16, 2025

    Strategic Positioning in a Regulated Environment

    August 16, 2025

    PB Fintech displays significant fluctuations amidst broader market trends and performance variability.

    August 11, 2025

    GCC Fintech Market Forecasted to Grow at a CAGR of 15.68% from 2025 to 2033

    August 1, 2025
  • Insights

    Director of the Bank Seeks Publisher in Banking and Fintech

    August 16, 2025

    Kimberley Waldron began her public relations career.

    August 16, 2025

    Nedbank to purchase a South African fintech for $93 million in cash

    August 16, 2025

    Money20/20 and Cheddar reveal the premiere date for the first episode of Take Stock

    August 16, 2025

    Key Investors Drive Fintech Growth in the Philippines

    August 1, 2025
  • Rumors

    Market Impact and Strategic Prospects

    August 15, 2025

    Speculation rises amid Figma’s success and OpenAI’s $500 billion evaluation discussions.

    August 14, 2025

    China does not confirm any new restrictions on cryptography amid market volatility rumors.

    August 11, 2025

    Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

    August 2, 2025

    Mybambu is expanding in West Palm Beach, aiming to create 200 new jobs, among several financial services firms that have relocated to Palm Beach County recently.

    July 31, 2025
  • Startups

    Fintech Niyo purchases Kanji Forex and appoints Amit Talwar as CEO of its Forex division.

    August 16, 2025

    BharatPe Achieves Profitability During Exercise 25; CEO Negi Emphasizes Responsible Growth

    August 16, 2025

    The superiority of relationships and conformity over technical skills in fintech sales

    August 15, 2025

    The Fintech Competition: A Dialogue

    August 14, 2025

    The competition in the fintech sector

    August 14, 2025
  • finjobsly
fintechbits
Home » Fintech Niyo purchases Kanji Forex and appoints Amit Talwar as CEO of its Forex division.
Startup News

Fintech Niyo purchases Kanji Forex and appoints Amit Talwar as CEO of its Forex division.

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Niyo acquires kanji forex 2025 08 16 22 33 24.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Niyo Expands Services with Acquisition of Kanji Forex

Bengaluru-based fintech firm Niyo, known for its travel-focused financial solutions, has made a significant move by acquiring Kanji Forex from Mumbai through its parent company, Finnew Solutions. Although the financial specifics of the agreement remain undisclosed, this acquisition marks Niyo’s entry into the offline foreign exchange market, enhancing its capabilities to serve Indian travelers heading abroad.

Historical Background of Kanji Forex

Established in 1935 under the name Kanji Pitamber & Co., Kanji Forex has been a pioneer in providing foreign currency solutions to both Indian and international banks. With this acquisition, Niyo aims to leverage the existing strengths of Kanji Forex to broaden its market presence across the country, integrating seamlessly into Niyo’s innovative digital platform.

Transformation into Niyo Forex

The newly formed entity, known as Niyo Forex (powered by Kanji Forex PVT. Ltd.), will offer a diverse range of services, including currency exchange, Forex cards, and external funds management under its Category II AD license. This transformation demonstrates Niyo’s commitment to providing a comprehensive suite of financial products tailored to the needs of international travelers.

Leadership Announcement

As part of this strategic expansion, Niyo has appointed Amit Talwar as the CEO of Niyo Forex. Talwar brings over 27 years of banking expertise, having previously held significant leadership roles in entities such as Industry Bank and ICICI Bank Group in both India and the UK. His experience in transaction banking and blockchain solutions will be instrumental in advancing Niyo Forex’s operations.

Consolidating Digital and Physical Forex Markets

This acquisition underscores Niyo’s ambition to merge digital innovations with traditional banking services in the Forex market. Backed by substantial investment from firms like Accel, Lightrock, and Beams Fintech Fund, Niyo has successfully raised over $179 million to date, establishing its presence across 20 states in India and catering to over two million customers.

Vision for Global Banking

According to Vinay Bagri, CEO and Co-Founder of Niyo, “We have been pioneers in democratizing cross-border card solutions. The acquisition of Kanji Forex marks a pivotal step in our journey towards offering a fully integrated global banking platform.” He emphasized that Talwar’s extensive banking background and leadership qualities make him the perfect fit to drive Niyo Forex toward becoming a market leader.

Future of Niyo Forex

Amit Talwar, CEO of Niyo Forex, stated, “Niyo has built a strong reputation as a digital travel banking brand. We are dedicated to serving the evolving needs of global citizens in India.” As Niyo continues to grow and innovate, its efforts will significantly enhance the travel experience for Indian customers seeking reliable foreign currency solutions, solidifying its role in the fintech revolution.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BharatPe Achieves Profitability During Exercise 25; CEO Negi Emphasizes Responsible Growth

August 16, 2025

The superiority of relationships and conformity over technical skills in fintech sales

August 15, 2025

The Fintech Competition: A Dialogue

August 14, 2025
Leave A Reply Cancel Reply

Latest news

A wager with significant stakes or a route to sustainable income?

August 16, 2025

Director of the Bank Seeks Publisher in Banking and Fintech

August 16, 2025

A Comprehensive Fintech Approach Centered on Operational Resilience and AI Innovation

August 16, 2025
News
  • AI in Finance (1,495)
  • Breaking News (164)
  • Corporate Acquisitions (66)
  • Industry Trends (188)
  • Jobs Market News (299)
  • Market Insights (198)
  • Market Rumors (263)
  • Regulatory Updates (163)
  • Startup News (999)
  • Technology Innovations (163)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,495)
  • Breaking News (164)
  • Corporate Acquisitions (66)
  • Industry Trends (188)
  • Jobs Market News (299)
  • Market Insights (198)
  • Market Rumors (263)
  • Regulatory Updates (163)
  • Startup News (999)
  • Technology Innovations (163)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.