Synopsis:
Iserveu, a subsidiary of Niyogin Fintech Limited, signed a $10M, 5-year deal with the Central Bank of India to enhance merchant digital payment solutions.
This penny NBFC stock, engaged in providing digital financial services, including loans, payments, and investment solutions, primarily focuses on empowering MSMEs across India through technology and jumped 8 percent after signing a 5-year contract worth $10 mn with the Central Bank of India.
With a market capitalization of Rs. 661.72 crores, the share of Niyogin Fintech Limited has reached an intraday high of Rs. 60.89 per equity share, rising nearly 7.50 percent from its previous day’s close price of Rs. 56.64. Since then, the stock has retreated and is currently trading at Rs. 59.49 per equity share.
What is the news?
Niyogin Fintech Limited has announced that its key unlisted subsidiary, Iserveu Technology Private Limited, has signed a five-year contract with the Central Bank of India. This agreement aims to improve the bank’s merchant acquiring services across the country.
As part of the deal, Iserveu will deploy UPI-enabled soundboxes and provide a complete technology solution that includes a merchant app, a soundbox platform, and a back-end support system to help merchants. The total value of the contract is approximately USD 10 million. This partnership is expected to support the digital payment infrastructure and help merchants adopt better payment solutions.
Company Overview
Niyogin Fintech Limited is a non-banking financial company (NBFC) in India that provides a digital fintech platform aimed at empowering micro, small, and medium enterprises (MSMEs).
The company offers a range of financial services, including credit solutions (secured and unsecured loans), financial inclusion products (such as domestic money transfer and Aadhaar Enabled Payment System), investment services (mutual funds, advisory, and bonds), and SaaS services for MSMEs.
Niyogin focuses on leveraging technology and AI to deliver innovative, customer-centric financial solutions and facilitate access to finance for underserved small businesses. The company operates through subsidiaries and has a presence in Mumbai with a robust partner network.
Recent quarter results
Coming into financial highlights, Niyogin Fintech Limited’s revenue has increased from Rs. 50.18 crore in Q4 FY24 to Rs. 69.85 crore in Q4 FY25, which has grown by 39.20 percent. The net profit of the company has turned from negative to positive, from a net loss of Rs. 3.81 crore in Q4 FY24 to a net profit of Rs. 2.68 crore in Q4 FY25.
Written By – Nikhil Naik
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