Fintech startup Kiwi has strategically appointed Sumeet Basrani as Chief Business Officer to bolster its leadership team. This move signifies Kiwi’s focus on broadening the distribution of credit on UPI through strategic bank and ecosystem collaborations.
Sumeet Basrani brings over 15 years of experience in the cards and payments sector, having previously held key roles at organizations like CRED, OneCard, ICICI Bank, and Visa. His contributions at CRED involved spearheading partnerships in credit cards, payments, and lending with various financial institutions.
Kiwi’s upcoming phase is dedicated to facilitating credit access on UPI for a vast number of Indian users. The company’s strategic roadmap focuses on scaling up market presence while adapting to evolving consumer preferences.
Sumeet Basrani emphasized the current momentum in early adoption of credit on UPI and the potential of seamlessly integrating credit into daily transactions to enhance accessibility.
Founded in 2022 by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, Kiwi offers users the convenience of accessing RuPay credit cards on UPI, blending credit flexibility with UPI’s extensive merchant network.
In a notable development, Kiwi secured $24 million in its Series B funding round from Vertex Ventures last year, reaching a valuation exceeding $100 million.
Source: Entrackr : Latest Posts