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Total amount raised
$43M
Latest funding date
2025-08-20
Location
Kiwi has successfully raised funds through three funding rounds, with notable investors including Nexus Venture Partners and Stellaris Venture Partners. The company offers an all-in-one "Credit on UPI" service, enabling users to make payments via their phones using either a bank account or credit card.
What Is Kiwi?
Kiwi, founded in 2022, is a fintech company based in Bengaluru, Karnataka, India. The company operates in the FinTech, Mobile Apps, Mobile Payments, and Payments industries.
Kiwi offers an all-in-one "Credit on UPI"service, enabling users to make payments via their phones using either a bank account or credit card. The company has an employee count of 11-50 and partners with banks like Yes Bank and AU Small Finance Bank.
How Much Funding Has Kiwi Raised?
- Pre-Seed Round
- Amount Raised: $6,000,000
- Date: May 2023
- Lead Investors: Nexus Venture Partners, Stellaris Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Establish the company, develop product offerings, and launch services.
- Series A Round
- Amount Raised: $13,000,000
- Date: November 2023
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand credit card offerings on UPI, launch new products, and enhance partnerships with banks. Existing investors Nexus Venture Partners and Stellaris Venture Partners also participated.
- Series B Round
- Amount Raised: $24,000,000
- Date: August 2025
- Lead Investors: Vertex Ventures Southeast Asia & India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Speed product development, reinforce unit economics, and expand Kiwi's "Credit on UPI"offerings. Existing investors Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network also participated.
Total Amount Raised: $43,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Vertex Ventures Southeast Asia & India
- Details: Vertex Ventures Southeast Asia & India is a venture capital firm that invests in high-growth startups in Southeast Asia and India. They led Kiwi's Series B funding round in August 2025.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: Grab, Patsnap, FirstCry.
- Omidyar Network India
- Details: Omidyar Network India is a social impact investment firm supporting innovative organizations aiming to create social and economic change. They led Kiwi's Series A round and also participated in the Series B.
- Investment Focus Areas: Financial inclusion, education, governance.
- Notable Investments: 1mg, Aspiring Minds, Quikr.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm investing in early-stage and growth-stage companies. They co-led Kiwi's Pre-Seed round and participated in both the Series A and Series B rounds.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Delhivery, Druva, Unacademy.
- Stellaris Venture Partners
- Details: Stellaris Venture Partners is a venture capital firm focused on early-stage investments in technology and technology-enabled businesses. They co-led Kiwi's Pre-Seed round and participated in both the Series A and Series B rounds.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Mamaearth, Whatfix, LoadShare.
What's Next for Kiwi?
Kiwi stands at the cusp of significant growth opportunities, driven by the vast user base of UPI in India. With plans to onboard 500,000 customers by the end of 2024 and expand its credit card offerings, the company is poised to leverage the 300 million UPI users, of which only 40 million are currently considered creditworthy by banks. This presents a massive market potential for Kiwi to tap into, especially as it partners with more banks to issue digital RuPay cards.
Future fundraising opportunities seem promising as Kiwi scales its operations and introduces new products like no-cost EMI on UPI and credit lines on UPI. The fintech sector's growth and the increasing adoption of digital payment solutions in India make it likely that Kiwi will attract additional investment rounds to support its ambitious expansion plans.
However, Kiwi may face challenges such as intense competition from other fintech startups and established financial institutions, regulatory compliance, and ensuring robust security measures. Successfully navigating these hurdles will be crucial for Kiwi to maintain its growth trajectory and achieve its long-term goals.
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