Fintech startup Kiwi secures $24 million from Vertex Ventures and existing investors

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Fintech startup Kiwi has raised $24 million in a funding round led by Singapore-based Vertex Ventures Southeast Asia and India. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated in the round.

The company plans to use the fresh capital to launch credit lines on the Unified Payments Interface (UPI) within the next six months, a product that has been in the works since the Reserve Bank of India (RBI) gave its approval in September 2023.

Kiwi currently issues RuPay credit cards in partnership with…



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Fintech startup Kiwi secures $24 million from Vertex Ventures and existing investors



Fintech startup Kiwi has raised $24 million in a funding round led by Singapore-based Vertex Ventures Southeast Asia and India. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated in the round.

The company plans to use the fresh capital to launch credit lines on the Unified Payments Interface (UPI) within the next six months, a product that has been in the works since the Reserve Bank of India (RBI) gave its approval in September 2023.

Kiwi currently issues RuPay credit cards in partnership with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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