Digital banking platform Anq acquired Kiwimoney which is a lending platform for the healthcare industry for an undisclosed amount.

Kiwimoney founded by Shrikant Bhalerao is in the business of proprietary loan origination and loan management technologies. The lending platform also has a strategic partnership with Ahmedabad-based Western Fintrade. 

The company described the acquisition as a strategic move to enhance its operations in the country. In a statement, it mentioned that the move would not only enhance Anq’s fintech capabilities but also position the company to diversify into lending-related businesses. This expansion is aimed at broadening its portfolio and reach within the industry. 

"We are excited to join forces with Anq Finance, a company known for its innovative approach to financial services. Together, we aim to redefine the landscape of fintech lending and offer customers cutting-edge solutions, “ points out Bhalerao. 

Speaking on the same, Ashish Khandelwal, Founder of Anq said, “ This strategic acquisition would help us scale Anq further in India and deliver further value to our customers.” 

Founded by Ashish Khandelwal, a former head of Xiaomi Financial Services and Bajaj Finserv, Anq Finance is backed by prominent investors like Kunal Shah from Cred, Ashish Sharma from Innoven Capital, Madhusudan from M2P, among others. The company has gained widespread recognition for its prepaid card services, allowing users to earn rewards in gold and digital assets while making everyday purchases at leading merchants, including Swiggy, Zomato, Flipkart, Amazon, and more. 

Kiwimoney is a fintech start-up in the healthcare financing sector founded in January 2023. It provides seamless and affordable healthcare loans. It offers financial assistance for all minimally invasive elective surgeries, of various categories such as proctology, laparoscopy, urology, vascular, ophthalmology, gynecology, cosmetic, ENT, orthopedic, and dental.