Niyogin Fintech Limited, a leading penny stock in the NBFC space, witnessed an intraday jump of nearly 8% after announcing a significant five-year contract worth $10 million with the Central Bank of India. The deal is set to enhance the bank’s merchant acquiring services nationwide.
The company’s stock hit an intraday high of ₹60.89, up 7.50% from the previous close of ₹56.64, before trading at ₹59.49. Niyogin Fintech currently holds a market capitalization of ₹661.72 crore.
Deal Highlights
Niyogin’s key unlisted subsidiary, Iserveu Technology Pvt. Ltd., will spearhead the project by deploying UPI-enabled soundboxes along with a comprehensive technology suite. This includes a merchant app, a soundbox platform, and backend support systems. The initiative aims to strengthen India’s digital payment infrastructure and empower merchants with seamless payment solutions.
About Niyogin Fintech
Niyogin Fintech Limited is an Indian NBFC specializing in digital financial services for micro, small, and medium enterprises (MSMEs). Its offerings span credit products (secured and unsecured loans), financial inclusion solutions (domestic money transfer, Aadhaar Enabled Payment System), investment services (mutual funds, bonds, advisory), and SaaS-based tools for MSMEs. Leveraging technology and AI, the company focuses on empowering underserved businesses with innovative financial solutions.
Recent Financial Performance
For Q4 FY25, Niyogin Fintech reported revenue of ₹69.85 crore, marking a robust 39.20% growth from ₹50.18 crore in Q4 FY24. Net profit swung from a loss of ₹3.81 crore to a positive ₹2.68 crore, reflecting strong operational improvement.
