Prosus in talks to invest $40M in India’s Kiwi
The discussions come as Kiwi seeks fresh capital, following earlier reports of its plans to raise up to $40 million.
Kiwi’s model—enabling credit on UPI, India’s dominant payments infrastructure—positions it in a segment that has seen varying levels of investor interest. While UPI transactions have continued to grow, credit-focused fintechs have faced headwinds in securing funding, with some adjusting valuations or delaying raises.
The potential investment, if finalized, could suggest a renewed willingness among investors to back select players in the space. Prosus, an investment firm with a history of backing Indian startups, has previously shown interest in companies with distinct monetization strategies. Kiwi’s approach, which integrates bank-issued credit with UPI’s reach, may align with such preferences.
The outcome of these discussions could offer insights into whether investor appetite for India’s credit fintechs is evolving. Recent trends in the sector have seen mixed signals, with some startups navigating valuation adjustments. How these talks progress may provide further clarity on funding dynamics in the space.
Sources: economictimes.indiatimes.com
“Prosus’ reported interest in Kiwi may reflect shifting investor sentiment toward India’s credit fintech startups amid broader funding challenges.”
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- Prosus steps up India fintech bets with Kiwi, Oolka funding talks — economictimes.indiatimes.com
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