Virtual credit card app Kiwi’s valuation jumps to $100 Mn in Series B round

Virtual credit card startup Kiwi recently secured $24 million or Rs 208.5 crore in its Series B round from Vertex Ventures with participation from existing backers Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.

The Bengaluru-based company did not disclose key details such as its post-money valuation and shareholding structure, but Entrackr has sifted through the regulatory filings to uncover the critical details.

The board at Kiwi passed a special resolution to issue 20,251 Series B compulsory convertible preference shares at…