Overseas Remittance Fintech Hiwi Raises Rs 7.5 Crore Funding From Unicorn India Ventures, Others
Amount Raised
₹75 Million
Round Type
Seed
MumbaiFinancial ServicesFintechDescription
Cross-border remittance fintech HiWi said on Thursday that it has secured Rs 7.5 crore in a funding round led by Unicorn India Ventures and the Unmaj Group Family Office.The fintech said the funds will be used to advance product development and execute a strategic go-to-market rollout.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitHiWi, which is headquartered in Mumbai, was cofounded by former NTT Data India CEO Dewang Neralla with Geeta Chauhan and Ujwal Tamminedi.The company said it aims to resolve issues around opacity in exchange rates, exorbitant forex margins, and documentation challenges for different sectors, including the study-abroad sector, as well as trade and finance for small and medium enterprises. “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 Narulla.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementInitially, HiWi is working on a centralised and integrated platform to simplify remittances for students studying abroad. This includes a user-friendly mobile application for students to transfer funds, open foreign bank accounts, access financing options, and manage card expenditure.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories“Foreign education is an ever-growing market
Quick answer
HiWiPay raised ₹75 Million in a Seed round, dated October 19, 2023. HiWiPay is based in Mumbai, Maharashtra, India.
- How much did HiWiPay raise?
- HiWiPay raised ₹75 Million in a Seed round on October 19, 2023.
- What does HiWiPay do?
- HiWiPay is working on creating a cross border fintech solution for the students intending to go abroad for higher education.
- Where is HiWiPay based and how big is it?
- HiWiPay is based in Mumbai, Maharashtra, India. Fundz records about 21 employees.
- Who are the decision-makers at HiWiPay?
- Fundz holds 1 contact at HiWiPay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as HiWiPay that raised within 45 days of this round, from Fundz verified event records.
- Phi Commerce raised $10M (Funding Round) on November 28, 2023.
- Peloton Technologies raised $1.6M (Seed) on November 23, 2023.
- FrontEdge raised $10M on November 22, 2023.
- Indy raised $44M (Funding Round) on November 21, 2023.
- Alpheya raised an undisclosed amount (Funding Round) on November 21, 2023.
- AppBrilliance, Inc. raised an undisclosed amount (Corporate Round) on November 20, 2023.
Who to call at HiWiPay, and when
A new round usually means HiWiPay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day HiWiPay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at HiWiPay, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at HiWiPay. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment HiWiPay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
HiWiPay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.