First rumoured a month ago, MobiKwik has now confirmed it is seeking between $100m and $150m in a funding round expected to close in the next couple of months.

MobiKwik, an India-based mobile payment technology provider backed by several corporate investors, is seeking to raise between $100m and $150m at a valuation of $1bn, according to TechCrunch.

The round, first reported last month, has now been confirmed by co-founder Upasana Taku, though the investors involved in the negotiations remain unnamed. Taku expects the round to close within the next two months.

Founded in 2009, MobiKwik has created a mobile wallet-based payment platform that allows users to transfer money…