Cross-border remittance enabler HiWi raises Rs.7.25 Cr led by Unicorn India Ventures

Mumbai-headquartered HiWi, a cross-border remittance fintech, has raised INR 7.25 crore in a pre-seed funding round led by Unicorn India Ventures and the Unmaj Group family. The funds will be used by the firm to advance product development and enhance marketing. Dewang Neralla founded HiWi primarily works in simplifying remittances for students studying abroad. It claims to provide a user-friendly mobile application for transfer funds, enabling students to open foreign bank accounts, access financing options, manage card expenditures, and accrue loyalty points, while ensuring compliance with regulatory requirements.