Kiwi Eyes $23M Series B Raise
Hey Payments Fanatic!
Mumbai-based Kiwi, the virtual RuPay credit card app powering credit-on-UPI, is set to raise $23M led by Vertex Ventures, with Nexus and Stellaris participating.
The round would likely value Kiwi at $100M+ post-money, nearly doubling from its 2023 Series A ($65M valuation).
With the RBI and NPCI advocating for wider adoption of credit on UPI, can Kiwi scale fast enough to stay ahead? It does claim to be the first to launch credit on UPI with a full-stack offering.
More on this deal and other shake-ups in the payments landscape below 👇
And see you back tomorrow!
Cheers,
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