Kiwi Secures INR 208.5 Cr in Series B funding to boost UPI-linked credit cards

Kiwi has raised INR 208.5 Cr ($24M) in a Series B round led by Vertex Ventures, with Nexus Ventures, Stellaris, and Omidyar Network participating. Founded in 2022 by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, Kiwi issues digital RuPay credit cards with Axis Bank, linkable to UPI. A licensed TPAP, Kiwi has facilitated 5.8 Lakh transactions across 586 cities. With this round, total funding reaches $43M.