Bengaluru: Bengaluru-based Anq, a new-age digital banking platform which provides products like X card Rewards Marketplace, has acquired Kiwimoney, which is a lending platform for the healthcare industry, for an undisclosed sum.
Kiwimoney, founded by Shrikant Bhalerao, is in the business of proprietary loan origination and loan management technologies. The lending platform also has a strategic partnership with Ahmedabad-based Western Fintrade.
“We are excited to join forces with Anq Finance, a company known for its innovative approach to financial services. Together, we aim to redefine the landscape of fintech lending and offer customers cutting-edge solutions, “points out Bhalerao.
Speaking on the same, Ashish Khandelwal, Founder of Anq, said, “This strategic acquisition would help us scale Anq further in India and deliver further value to our customers.”
Ashish Khandelwal co-founded Anq. He is the former head of Xiaomi Financial Services and Bajaj Finserv. Anq is backed by prominent investors like Kunal Shah from Cred, Ashish Sharma from Innoven Capital, and Madhusudan from M2P, among others.
This acquisition not only enhances Anq’s fintech capabilities but also positions the company to diversify into lending-related businesses, expanding its portfolio and reach within the industry.
Anq Finance has gained widespread recognition for its prepaid card services, enabling users to earn rewards in gold and digital assets while making everyday purchases at leading merchants, including Swiggy, Zomato, Flipkart, Amazon, and more.
This strategic acquisition exemplifies Anq’s dedication to excellence and its aspiration to be at the forefront of the evolving fintech industry.
About Anq Finance:
Anq Finance is a forward-thinking fintech company co-founded by Ashish Khandelwal, a luminary in the financial services sector with experience working with Bajaj Finserv and heading Xiaomi Financial Services, and backed by multiple angels, including Kunal Shah of CRED. The company offers prepaid cards that reward users with gold and digital assets for their everyday spending. With a solid commitment to innovation and customer-centric solutions, Anq Finance is poised to redefine the future of financial services.
About Kiwimoney:
Kiwimoney is a fintech startup in the healthcare financing sector founded in January 2023, transforming the healthcare financing landscape in India. We empower individuals to access essential medical care, regardless of their financial constraints, by providing seamless and affordable healthcare loans. Kiwimoney offers financial assistance for all minimally invasive elective surgeries of various categories, such as proctology, laparoscopy, urology, vascular, ophthalmology, gynaecology, cosmetic, ENT, orthopaedic, and dental. The brand only requires checking a few things, such as credit history and monthly income, before they can involve their financing partners to help their patients.
