Kiwi Raises $13 Million in Pre-series a Funding Led by Omidyar Network
Kiwi, a fintech company that manages credit cards, has raised $13 million in its pre-Series A fundraising round headed by Omidyar Network India.
Nexus Venture Partners and Stellaris Venture Partners, two current investors, took part in this round as well.
The virtual credit card company last raised $6 million in May, with the help of some angel investors,
, and Stellaris.
With the help of Axis Bank, Kiwi launched its virtual
RuPay credit cards
in June of this year.
These cards enable customers to link them to the Unified Payments Interface (UPI) service on the app and make digital payments over the infrastructure.
Mehta further stated that in the upcoming six months, Kiwi will collaborate with two additional banks to offer virtual RuPay cards.