Fintech platform HiWi raises pre seed round

HiWi, a cross-border fintech, has raised Rs 7.25 crore in a pre-seed round from Unicorn India Ventures and the Unmaj Group Family Office. 

The proceeds will be used for advancing product development and executing a strategic go-to-market rollout, HiWi said in a press release.

Co-founded by Dewang Neralla, Geeta Chauhan and Ujwal Tamminedi,  HiWi acts as a centralised and integrated solution for study abroad agencies and students. 

The platform offers a suite of financial services, including an app enabling students to transfer money, open foreign bank accounts, access financing alternatives, manage card expenses, and collect loyalty points. 

Mumbai-based HiWi aspires to assist more than 25,000 students in remitting $100 million by March 2025 and aims to onboard 5,000 educational consultants onto its platform.

Last month, Unicorn India Ventures marked the first close of its third fund at Rs 225 crore. Its portfolio includes SmartCoin, Open Bank, Sequretek, Pharmarack, Genrobotics, Clootrack and FutureCure.