Founded in 2022 by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, Kiwi operates a payment platform that lets users pay via UPI while drawing on a credit-card line. By tying credit cards to UPI’s broad acceptance network, Kiwi offers the flexibility of revolving credit for everyday spending such as groceries, travel, dining, and lifestyle purchases. The product currently features a rewards program and is planning to roll out credit-card add-ons as well as EMI (equated monthly installment) options on UPI transactions. Kiwi has already partnered with YES Bank and AU Small Finance Bank to issue and process these credit-linked UPI payments. The company positions itself as a bridge between traditional credit cards and India’s rapidly growing real-time payments infrastructure. No user, revenue, or other operating metrics were disclosed in the article. Newly raised capital will support further product development and expansion of operations.

Total raised

$37M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2025