Credit card platform Kiwi has raised $6 million in pre-Seed funding round from Nexus Venture Partners, Stellaris Venture Partners, and angel investors. The startup has also launched its all-in-one "Credit on UPI," which will help customers make payments using either a credit card or bank account directly through their phones. With this launch, the startup hopes to build one of the largest direct-to-consumer (D2C) models in the credit market.
Kiwi was co-founded in November 2022 by senior fintech experts and banking industry veterans, Siddharth Mehta (former CEO, Freecharge), Mohit Bedi (former Axis Bank and PayU executive), and Anup Agrawal (former business head, LazyPay).