Fintech startup Kiwi secures $24 million from Vertex Ventures and existing investors

Fintech startup Kiwi has raised $24 million in a funding round led by Singapore-based Vertex Ventures Southeast Asia and India. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated in the round.

The company plans to use the fresh capital to launch credit lines on the Unified Payments Interface (UPI) within the next six months, a product that has been in the works since the Reserve Bank of India (RBI) gave its approval in September 2023.

Kiwi currently issues RuPay credit cards in partnership with…