Founded in 2022, Kiwi last raised $24 million in a funding round led by Vertex Ventures in August last year
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Mohit Bedi, Cofounder of fintech start-up Kiwi, has stepped away from an active executive role after four years of helping build the company, as he looks to prioritise personal commitments.
In a LinkedIn post on Saturday, Bedi said he will now focus on “personal and family” priorities, while continuing to remain associated with the company as an advisor and long-term shareholder.
“Kiwi is in great shape, strong momentum, strong team, strong vision,” he wrote, adding that day-to-day operations will now be led by Cofounders Anup Agrawal and Siddharth Mehta.
Bedi said he will increasingly spend time on advisory roles, funding and angel investing, and has already backed a few early-stage startups.
Prior to cofounding Kiwi, Bedi spent over seven years at Axis Bank, where he rose to senior vice president and business head roles across consumer card products and merchant acquiring, managing both credit and debit portfolios.
He later joined PayU as senior vice president in 2022, working on strategic initiatives and the Bharat Bill Payment System (BBPS) operations in India.
Founded in 2022, Kiwi last raised $24 million in a funding round led by Vertex Ventures in August last year. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated.
Kiwi issues RuPay credit cards in partnership with Yes Bank and AU Small Finance Bank, enabling payments via UPI.
It also offers UPI-based credit lines, allowing users to access pre-approved credit through linked bank accounts. Since launching in 2023, Kiwi has issued over 200,000 RuPay credit cards and processes more than 5 million merchant transactions each month across 600 cities.
Published on April 18, 2026
