Bhubaneswar : iServeU, a leading financial infrastructure provider, had secured an investment commitment of INR 100 Crores or USD 13 million from its parent, Niyogin Fintech Ltd. This is in-line with the hypergrowth strategy that was announced in November 2021. As part of this commitment the first tranche of this investment, comprising INR 50 Crores has been invested in iServeU. The money will largely be utilized in building the talent and technology to help bring in incremental products and service capabilities on our platform to create India’s premier API infrastructure platform.
Our business plan will enable us to increase the tech teamby 300 in coming quarters in Bhubaneshwar through these investments, which is a validation of the talent potential of Odisha. And a step towards investing into the socio economic future of Bhubaneswar which is emerging as a start-up hub.
Tashwinder Singh, MD & CEO, Niyogin Fintech Limited said “We are deeply committed to our partnership with iServeU. We think we are at pole position to dominate the API infrastructure platform play in Financial services. This investment is in line with our strategy of delivering “Banking as a Service” to our customers.”