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.

[{"selector":"#anim-7d976636-eb26-4888-8335-2d9b2ad127c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ef3a3db-22f2-41b9-8d8e-5cc17d63c535","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1e1a849f-36cf-4150-932e-b468c62d55e9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbb69c37-a8d8-45c9-b450-efba75d9693a","keyframes":{"transform":["translate3d(0px, 205.82440%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f992263c-4e58-430d-9657-9a547c8c067d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The virtual credit card company last raised $6 million in May, with the help of some angel investors, Nexus, and Stellaris.

[{"selector":"#anim-b850cbca-4cd3-4ea2-aa8f-911580b62a07","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-697ff0bb-12a8-4b5f-b91b-4e769e00bca2","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a2d4655-7a2f-4ff7-8009-5a056729e9c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52cdf8c2-72fd-4757-884f-3a51301638d3","keyframes":{"transform":["translate3d(0px, 165.72872%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42987c38-89f8-46bf-87ec-ab4267eb8d84 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

With the help of Axis Bank, Kiwi launched its virtual RuPay credit cards in June of this year.

[{"selector":"#anim-dc361036-fb84-4eb8-baeb-d8f907276d82 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(21.389563372383392%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b041f54b-bdb8-4cc1-a4ff-f567c6c37055","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a357c41-31d2-4514-b6fe-50dfabf8fb84","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26516964-80a2-4003-838c-5d874045f9e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27509013-3200-471a-aba9-003f527771cb","keyframes":{"transform":["translate3d(0px, 205.82440%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

These cards enable customers to link them to the Unified Payments Interface (UPI) service on the app and make digital payments over the infrastructure.

[{"selector":"#anim-a2c22d36-588c-49f5-beb7-b5e18ece8f2f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(16.633928780587322%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4323ae3a-c5fe-4018-bc7c-9d33993d2466","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d80a04ea-97be-40ad-8227-1f3d484f43e2","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a33f758-6679-4425-a8de-2d065751aede","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75b54c21-609e-4146-a4d8-50c161457015","keyframes":{"transform":["translate3d(0px, 149.25276%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Mehta further stated that in the upcoming six months, Kiwi will collaborate with two additional banks to offer virtual RuPay cards.

[{"selector":"#anim-380d0463-dd84-4540-b97b-4140f363ebb9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-16.031250201580534%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-dcbd0cba-2db8-4d21-be6f-725664bc7d35","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a15c4062-d637-42e8-a0fb-62ba72cbe541","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aade4f28-b415-43e5-b57a-25978cc0d3fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83ac64e4-43c1-418f-9d70-e561e1cb0e0d","keyframes":{"transform":["translate3d(0px, 178.47705%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]