Bengaluru-based journey fintech Niyo has agreed to amass sure belongings of Capital India Finance’s RemitX international trade enterprise for Rs 11.4 crore, increasing its bodily presence in India’s cross-border funds market.

The transaction can be carried out by Kanji Foreign exchange, Niyo’s wholly owned subsidiary.

Capital India Finance’s board authorized the switch on 31 August 2026 and the startup entered into an Settlement for Buy of Belongings with Kanji Foreign exchange on the identical day.

The deal is anticipated to be accomplished by 31 October 2026, topic to regulatory approvals and different circumstances.

In line with data offered by Niyo to the Financial Occasions, the transaction will add 32 RemitX branches throughout greater than 30 cities in 16 states, together with tier-II and tier-III markets.

Niyo additionally stated the deal will convey the RemitX model, greater than 200 staff and a community of greater than 2,500 distribution companions into its foreign exchange enterprise.

The associate community consists of journey brokers and abroad training consultants, giving Niyo a bigger bodily distribution channel alongside its digital companies.

The acquisition builds on Niyo’s transfer into regulated international trade companies by Kanji Foreign exchange. Niyo’s mum or dad firm, Finnew Options, acquired Kanji in August 2025, permitting the fintech to broaden into international foreign money, foreign exchange playing cards and outward remittances.

The regulatory framework for such companies was revised this yr.

The RBI notified the International Alternate Administration (Authorised Individuals) Laws, 2026 on 30 April, with the principles printed within the Official Gazette on 6 Could.

Underneath the principles, Authorised Supplier Class-II, or AD-II, entities can undertake non-trade current-account transactions apart from items and donations, in addition to international commerce transactions of as much as Rs 25 lakh per transaction.

The transfer follows Capital India’s divestment of its housing finance enterprise in the course of the 2025-26 monetary yr.