RuPay credit card issuer Kiwi raises $24-M led by Vertex Ventures

Bengaluru-headquartered fintech startup Kiwi has raised USD 24 million in a funding round led by Singapore-based Vertex Ventures. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated in the round.Co-founded by Anup Agrawal, Mohit Bedi and Siddharth Mehta, Kiwi had raised USD 13 million in a Series A funding round in November 2023. With this round, the company has mopped up a total of USD 43 million.Kiwi currently offers RuPay credit cards in partnership with Yes Bank and AU Small Finance Bank. Kiwi will now also offer credit lines on UPI, in partnership with banks.