Fintech firm Kiwi raises Rs 108 crore in funding round led by Omidyar Network India – Times of India

by The Technical Blogs


NEW DELHI: Fintech company Kiwi has raised $13 million (about Rs 108 crore) in a funding round led by Omidyar Network India. Existing investors Nexus Venture Partners and Stellaris Venture Partners also participated in this round, according to a release.
The latest fundraise will enable Kiwi to further expand its ‘credit cards on UPI‘ offerings in India.
“Kiwi raises $13 million in a series-A round led by Omidyar Network India to expand the ‘credit on UPI’ landscape in India,” the release said.
Kiwi, founded in November 2022, says it is the first fintech company in India to launch ‘credit cards with UPI’ by issuing digital RuPay Cards in collaboration with banks.
Its mobile application provides users with the ability to make secure payments using either a credit card or a bank account directly through their phones.
Certified by the NPCI as a licensed UPI third party app, Kiwi previously had secured $6 million in funding from prominent investors including Nexus Venture Partners, Stellaris Venture Partners, and a group of angel investors.


Source link

Related Posts

Leave a Comment

Recent Posts

Pigeons swarm Las Vegas neighborhood, nesting at church Study finds adult female elk are badass and can’t be... Vacancy: some more elephants needed in the bush THE TECHNICAL BLOGS

Our Policies

Userful Links

Shop Stores

Copyright @2020  All Right Reserved - Designed and Developed by DSF SEO COMPANY