Quarterly Result15 May 2024, 02:04 pm
Niyogin Fintech Acquires 'SuperScan' Technology, Breaks Even at EBITDA Level for Q4 FY2024
AI Summary
Niyogin Fintech reported breaking even at the EBITDA level in Q4 FY2024. The company also announced the acquisition of 'SuperScan', an advanced AI-driven toolkit from Orbo.ai, to enhance its partner network offerings. This acquisition is expected to reduce manual input costs, enhance risk management, and provide value to BFSI customers by streamlining KYC costs and fintech customer credit infrastructure.
Key Highlights
- Niyogin Fintech achieved EBITDA break-even in Q4 FY2024
- Acquisition of 'SuperScan' technology from Orbo.ai
- SuperScan utilizes AI, OCR, and NLP for document conversion
- Reduction in manual input costs for BFSI clients
- Streamlining of KYC costs and fintech customer credit infrastructure