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Niyogin Fintech Ltd.

BSE: 538772 Sector: Financials
NSE: N.A. ISIN Code: INE480D01010
BSE 00:00 | 03 Feb 33.20 -0.80
(-2.35%)
OPEN

35.60

HIGH

35.60

LOW

32.90

NSE 05:30 | 01 Jan Niyogin Fintech Ltd
OPEN 35.60
PREVIOUS CLOSE 34.00
VOLUME 18094
52-Week high 84.00
52-Week low 30.00
P/E
Mkt Cap.(Rs cr) 313
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 35.60
CLOSE 34.00
VOLUME 18094
52-Week high 84.00
52-Week low 30.00
P/E
Mkt Cap.(Rs cr) 313
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Niyogin Fintech Ltd. (NIYOGINFINTECH) - Chairman Speech

Company chairman speech

Letter to Shareholders

Brimming with confidence and opportunity

Dear Shareholders

Niyogin's mission is to help provide cost effective financial access tocustomers who find it difficult to achieve their financial goals. Our mission is veryrelevant in a country like India with 1.4 billion people and with 63 million MSMEs —a lot of consumers and businesses which are at the lower end of the pyramid find it toughto meet their financial needs.

The government has done an exemplary job setting the "Rails" with the UPI andAadhar Stack while enable access but don't guarantee it. These rails are foundational toour proposition and help Niyogin power the infrastructure needed to be able to reach thesecustomers. Our clients aren't the consumers or businesses directly but financialinstitutions and other organizations which are looking to serve them by leveraging ourtechnology stack and distribution access via channels partners.

The 'Rails' are foundational to our proposition and help Niyogin power theinfrastructure needed to be able to reach these customers.

In rural India where we are building a platform via our subsidiary - IserveU in thismarket both committed physical channels or pure digital channels don't really work owingto high cost in context of small ticket sizes in physical and lack of access to smartphones and knowledge/confidence in completing pure digital journeys.

A technology platform which leverages existing physical distribution (think of shopfronts amongst other physical points) across a broad product stack with a modularorientation where our customers pick and choose products they are keen to build off whilewe leverage the "rails" which have been put in place come together to create anexponential opportunity. We are excited with the customer wins product propositionincome augmentation for our channel partners and ultimately value for consumer and smallbusinesses.

We have built off a financial inclusion based payments platform and are broadening ourremit to include POS (Point of Sale) solutions financial services products includingloans deposits insurance and ultimately could also add commerce vertical to create acomprehensive ecosystem that serves this market. Feedback from our enterprise customerswhich are market leading institutions is constructive and our team is energized to deliveron this important mission to become the core infrastructure for Neo banking in ruralIndia. We are embarking on a significant investment program.

In our urban vertical we aim to solve more complex issues in terms of financialservices access for micro and-small businesses which find it hard to access cost effectivefinancial service products -we are building a platform centered around their trustedfinancial advisor who understands their business and hence its financial needs intimately.The product range in this case is more nuanced and tailor made to be able to create acompetitive proposition in a more crowded better served urban backdrop.

Given the pivots we have made and new hires to refresh our management team here againthe early signs are positive —the team is energized feedback is getting moreconstructive and the opportunity set is tangible -significant for Niyogin to be able toadd value to the process through relationships (financial advisors) analytics (platform)and product and automation (FI partners) —this combination can help break barriersand add value across a range of products to help serve the small business ecosystem bettercomprehensively.

Financial Inclusion is our core priority and delivering on it in an open smartcustomized modular platform is what we aspire to achieve -Niyogin means to Empower inSanskrit and we are committed to its ethos. We feel increasingly confident that Niyogin isat the start of a journey where it is brimming with confidence and opportunity.

Thank you for your support and we look forward to your continuous engagement in ourjourney to be India's premier fintech organization.

Thank you.

Amit Raj pal

Non-Executive Chairman and Co-founder

Niyogin Fintech Limited.

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