About HiWi
HiWi is a company based in Mumbai (India) founded in 2022 by Dewang Neralla, Geeta Chauhan, and Ujwal Tamminedi. HiWi has raised $3.78 million across 3 funding rounds from investors including Unicorn India Ventures, Ritesh Malik and Mitesh Shah. The company has 1 employees as of April 06, 2024. HiWi offers products and services including Money Transfer Service and Education Loan Service. HiWi operates in a competitive market with competitors including Wise, Auxilo, Eduvanz, Western Union and InstaReM, among others.
- Headquarter Mumbai, India
- Employees 1 as on 06 Apr, 2024
- Founders Dewang Neralla, Geeta Chauhan, Ujwal Tamminedi
- Stage Minicorn
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Sectors
Financial ServicesEducation
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Email
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Phone
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Website
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Social
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- Legal Name Hiwi Forex Transaction Services Private Limited
- Date of Incorporation 23 May, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$18.49 K (USD)0as on Mar 31, 2023
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Net Profit
-$127.77 K (USD)0as on Mar 31, 2023
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EBITDA
-$145.21 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$3.78 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 26, 2025
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Investors
Unicorn India Ventures
& 7 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of HiWi
HiWi offers a comprehensive portfolio of products and services, including Money Transfer Service and Education Loan Service.
Enables quick international money transfers with no fees.
Matches students with lenders for education loans up to INR 1 Crore.
Funding Insights of HiWi
HiWi has successfully raised a total of $3.78M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in HiWi
HiWi has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Unicorn India Ventures, Ritesh Malik and Mitesh Shah.
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Family wealth and investments are managed by Unmaj in Ahmedabad.
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Investor details for HiWi
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Investments & Acquisitions by HiWi
Investment portfolio details for HiWi
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Financial Statements - HiWi
Detailed financials for HiWi
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Hiwi Comparisons
Peer comparison for HiWi
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Competitors of HiWi
HiWi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, Auxilo, Eduvanz, Western Union and InstaReM, among others.
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Cross-border remittances are enabled for individuals and businesses via apps.
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Financial products for education loans and services are provided.
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Financial assistance is provided for education, career, and skills development.
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Provider of remittance services
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Cross-border money transfers are facilitated for individuals and businesses.
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Education loan marketplace and study abroad support are provided.
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Detailed competitors of HiWi
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Latest news on Hiwi
Complete news archive for HiWi
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Frequently Asked Questions about HiWi
HiWi was founded in 2022.
HiWi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dewang Neralla is the current CEO of HiWi. They have also founded this company.
HiWi is a funded company, having raised a total of $3.78M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at HiWi is 1.
Annual revenue of HiWi is $18.49K as on Mar 31, 2023.
HiWi was founded in 2022 in Mumbai, India, as a provider of fintech services targeted at international students. Operations focus on digital channels for debit card issuance, online payments and transactions, student loans, automated reconciliation, remittances, and transaction reporting. The platform facilitates secure financial management for users studying abroad.
HiWi offers Money Transfer Service and Education Loan Service.
HiWi has 8 investors. Key investors include Unicorn India Ventures, Ritesh Malik, Mitesh Shah, Nilesh Doshi, and Jupiter Metaverse.
The valuation of HiWi is $3.87M as of Sep 2022.