Monday, February 26, 2024
HomeInsightFunding Alert Neo Banking Platform HiWi Secures Rs 7.5 Cr Funding From Unicorn...

[Funding alert] Neo Banking Platform HiWi Secures Rs 7.5 Cr Funding From Unicorn India Ventures, Others

The Unmaj Group Family Office and Unicorn India Ventures, leading the funding round, have given the neo-banking platform HiWi Rs 7.5 crore.

The Unmaj Group Family Office and Unicorn India Ventures, leading the funding round, have given the neo-banking platform HiWi Rs 7.5 crore.

The fintech company stated that the money will be applied to advancing product development and carrying out a planned go-to-market launch.

Read also – [Funding alert] Agritech Startup BharatAgri Secures $4.3 Mn Series A Funding Led by Arkam Ventures

“Although our initial focus is on education, we plan to expand our services to cater to SMEs, further streamlining and enhancing the remittance process,” said Dewang Neralla, co-founder of HiWi .

HiWi is a neo bank of the next generation primarily concerned with student remittance and other allied services.

Read also – [Funding alert] Showroom B2B Secures $6.5 Mn pre-Series A Funding Led by Jungle Ventures

“Foreign education is an ever-growing market. At Unicorn, we have studied this segment and made investments both in study abroad and fintech companies,” said Anil Joshi, managing partner, of Unicorn India Ventures. “HiWi is combining the power of tech and addressing a much-needed gap of facilitating cross-border payments that are easier and convenient for both the parents and students.”

About HiWi

For students planning to pursue higher education abroad, HiWi is developing a cross-border fintech solution. This will increase payment efficiency while simultaneously bringing down payment costs.

Read also – [Funding alert] Insurtech Startup Alwrite Secures INR 10 Cr in Seed Funding

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