HiWiPay, a cross-border payments platform, has raised USD 2 million in a seed funding round led by Unicorn India Ventures. The round also saw participation from Dewang Neralla’s family office, Jupiter Metaverse LLP, along with prominent angel investors such as Ritesh Malik, Mitesh Shah and Nilesh Doshi.
Founded in 2022 by Dewang Neralla, Geeta Chauhan and Ujwal Tamminedi, HiWiPay simplifies international payments by offering competitive exchange rates, real-time transaction tracking, and a seamless digital payment experience.
The fresh capital will be utilised to scale its trade remittance operations and expand its footprint in the education sector, where the platform has seen significant traction.
Commenting on the funding, Dewang Neralla, Co-founder, HiWiPay, said, “Securing this funding is a major milestone for HiWiPay. It empowers us to enhance our platform, extend our global reach and deliver a frictionless payment experience for both students and businesses.”
In the past year, HiWiPay’s education remittance platform has onboarded over 500 study abroad consultants, facilitating seamless student payments across international markets. The company is now gearing up to launch the HiWiPay Student App in the UK, with plans to expand across Europe. Additionally, HiWiPay has partnered with banks and NBFCs to offer education loans, further supporting students pursuing higher education abroad.
Looking ahead, HiWiPay aims to foray into the SME trade remittance segment and launch co-branded forex cards. The platform has ambitious plans to onboard 5,000 students, process over USD 100 million in remittances and double its network of education consultants within the next 18 months.
With a long-term vision to evolve into a global payment orchestrator, the company aims to redefine international remittances with transparency, efficiency and financial inclusion at its core.
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