Niyogin Fintech plans a ₹500 crore credit partnership with Sammaan Capital to expand MSME lending, pending approvals.

The two companies want to build this facility gradually rather than hand over the money in one go.

It will be split between fresh credit lines and periodic portfolio buyouts, rolled out over 36 months.

That works out to roughly ₹166.7 crore a year, which suggests both sides want to test how the partnership performs before committing more. Nothing here is final yet. This is a non-binding understanding for now.

Both companies still need board sign-offs, regulatory clearances and formal agreements before the deal actually takes shape, and the terms on the table could still change.

Niyogin already has the tech and reach: a system that originates, underwrites, disburses and services loans in one closed loop, delivered through Business Correspondents, banks, neobanks and financial professionals across the country.

What it lacks is deep pockets to lend against at scale. Sammaan Capital fills that gap.

Amit Rajpal, Chairman and Co-founder of Niyogin, said the company has spent years building a lending stack meant to work at the last mile, and that this deal gives it capital to turn its distribution network into real credit for MSMEs that banks often overlook.

Gagan Banga, MD and CEO of Sammaan Capital, framed the tie-up differently, calling it a match between balance sheet strength and digital lending infrastructure, one that lets Sammaan test new products in segments it hasn’t fully tapped yet.

This news doesn’t sit in isolation. Just last month, Niyogin’s board approved selling a 58% stake in Investdirect Capital Services for up to ₹11.75 crore.

That came around the same time as its Q1 FY27 numbers, where the company reported a consolidated net loss of ₹5.01 crore, even though its standalone business managed a net profit of ₹81.56 lakh.

Loan assets under management stood at ₹332 crore for the quarter. Taken together, these moves show a company trying to grow its lending book without putting too much strain on its own balance sheet.

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