Other Private Equity/Strategic Investments
Cross-border payments enabler Wizz Financial eyes fundraise
Kochi-based Wizz Financial , which is building a cross-border financial platform to provide remittances, payments, lending, and wealth management services, is looking to raise capital from private sources. It is also targeting an initial public offering in 2029. Founded in 2025 as part of the Switzerland-headquartered Prism Group, the company operates a hybrid model with over 2,600 employees and 368 branches across 21states. It offers services to resident Indians, the diaspora, and foreign visitors and has developed a proprietary treasury solution for inward remittances based on a stablecoin. Its lending business includes gold loans and loans against mutual funds, while recent expansions into wealth management include partnerships with insurance providers and mutual fund houses.The firm plans to use the capital to support working capital requirements, expand its digital presence, and scale product innovation and distribution.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
