Anq, a digital banking firm, completes acquisition of Kiwimoney

• ByStartupStory     |    December 13, 2023

Anq, a modern digital banking platform focused on rewards, has acquired Kiwimoney, a lending platform catering to the healthcare sector, for an undisclosed amount. Founded by Shrikant Bhalerao, Kiwimoney specializes in proprietary loan origination and management technologies and holds a strategic partnership with Western Fintrade based in Ahmedabad.

Expressing excitement about the collaboration, Shrikant Bhalerao shared, “Teaming up with Anq Finance, known for its innovative financial services, aims to revolutionize fintech lending, offering customers cutting-edge solutions.”

Ashish Khandelwal, Founder of Anq, highlighted, “This strategic acquisition is poised to propel Anq’s expansion in India, enhancing value propositions for our customers.”

Anq, co-founded by Ashish Khandelwal, boasts a strong backing from notable investors like Kunal Shah of Cred, Ashish Sharma from Innoven Capital, and Madhusudan from M2P, leveraging their expertise in the financial realm.

This acquisition not only strengthens Anq’s fintech capabilities but also broadens its horizons into lending-related ventures, diversifying its portfolio and market presence.

Anq Finance gained acclaim for its prepaid card services, enabling users to earn rewards in gold and digital assets while transacting at popular merchants like Swiggy, Zomato, Flipkart, Amazon, and more.

Kiwimoney, a fintech startup in healthcare financing, facilitates affordable healthcare loans, ensuring access to essential medical care irrespective of financial limitations. Their services encompass a wide range of minimally invasive elective surgeries across multiple medical categories, transforming India’s healthcare financing landscape.

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