Dear Shareholders,
Niyogin Fintech continues to lay the foundation towards its mandate of empowering small
businesses with easy access to financial services. We hope to innovatively leverage
technology to solve real-world challenges and partnerships to augment our reach.
We have three verticals where we prioritize the build of our business:
Banking as a Service: Our subsidiary, iServeU, has built an enterprise-ready
technology platform that can use cloud-based, modular technology stacks to offer access to
payment, financial services, point-of-sale (POS), and card products via ground
distribution that convert retail outlets into financial centres. Our platform is secure
and well-equipped to cater to the needs of large institutions. We have built proof of
concept and commercial application through many marquee enterprise clients who leverage
our technology to offer their services to customers in rural and semi-urban India. We are
now focused on building scale in this vertical and positioning it as a core infrastructure
for financial inclusion.
Credit products: Our positioning as a Fintech NBFC is unique, where
our technology-first DNA augments our capability of building and funding credit exposure
in our domain of focus. We are making investments in setting up the building blocks for a
tech-centric platform. This lending platform will be partnership-oriented that creates a
win-win for our partners and borrowers while also being cost efficient. We believe the
opportunity set in this space is significant, and we are well-positioned to be able to
realize it with the right risk safeguards. This is a pillar for our growth over the next
few years.
Distribution platforms: Our investments in digital distribution, both on our
Niyoblu (via finance professionals and partnerships) and
Moneyfront platforms, offer customers access to a comprehensive suite of financial
services. Both distribution businesses have significant potential ahead of them with the
right investments, not only in technology but also in ground distribution. This is our
third pillar, and we are focused on continuing to build proof of concept and aiming for
commercial application at scale in the future.
As you can see, the Company has made significant investments in these avenues to build
access to this emerging opportunity, where the penetration of relatively low. To further
this financial build and to strengthen Niyogin's future, we have raised equity capital via
warrant issuance. We have a strong foundation that we are well-positioned to build on. I
want to thank our board members, management team, and our partners in helping us achieve
our mission and making Niyogin the vehicle for financial empowerment in communities across
India.
Thank you
Amit Rajpal
Non-Executive Chairman and Co-founder
Niyogin Fintech Limited