Kiwi raises $24M in Series B funding, elevating its valuation to $100M

Bengaluru-based virtual credit card startup Kiwi raised $24M in Series B funding led by Vertex Ventures, with Nexus Venture Partners, Stellaris, and Omidyar Network participating, valuing the company at $100M. Launched in 2022, Kiwi offers credit-on-UPI via RuPay cards with YES Bank and AU Small Finance Bank. Nexus now holds 21.06%, and the ESOP pool expanded by 2,582 options totaling Rs 72 crore.