StartupsEXPANDApproved
Niyo signed agreement to acquire Capital India Finance’s RemitX forex business for ₹11.4 Cr
Bengaluru, Karnataka· company base1 Sept 2026
Fintech startup Niyo signed a definitive agreement, via its wholly owned subsidiary Kanji Forex Pvt Ltd, to acquire the forex and cross-border payments business of Capital India Finance operated under the RemitX brand for ₹11.4 Cr. Capital India Finance’s board approved the transfer of RemitX-related assets to Kanji Forex; deal closing is expected by October 31, 2026, subject to regulatory approvals and other conditions.
Why it matters
If completed, the acquisition would expand Niyo’s physical distribution footprint by adding RemitX’s 32 branches and 2,500+ partners, enabling wider access to forex and outward remittance services through offline and digital channels.
NiyoKanji Forex Pvt LtdCapital India FinanceRemitX