June 13

Fintech Kissht Raises $80 Million to Enhance Product Offerings

By Mansi Verma

Fintech startup Kissht has raised $80 million in a funding round led by Vertex Growth and Brunei Investment Agency as the Mumbai-based company looks to enhance its product offerings.

Existing investors Vertex Ventures SEA and India and Endiya Partners also participated in the current round, Kissht said in a statement on June 8. The company said it will foray into credit-backed cards.

Kissht also launched a millennial-focused, fully digital credit and payments app called Ring. Kissht said it aims to make Ring a brand that appeals to young, aspirational millennials who have a credit card penetration of 2 percent.
Photo courtesy of Ashwini Chaudhary.


Source: Money Control (link opens in a new window)

Finance, Technology
financial inclusion, fintech, startups