Digital wallet services provider MobiKwik has received series B funding from investors including Cisco and American Express as it aims to expand.
Networking technology producer Cisco and payments processing firm American Express have participated in a $25m series B round for India-based digital wallet services provider MobiKwik, Live Mint reported yesterday.
Hedge fund Tree Line Asia led the round, which also featured venture capital firm Sequoia Capital. Sequoia previously invested in MobiKwik’s 2013 series A round, which was reportedly sized between $2.5m and $5m.
MobiKwik has developed a digital wallet that enables consumers to prepay money onto their phone which can then…
