Bengaluru-based fintech agency Kiwi co-founder Mohit Bedi has stepped down from his place as CBO and moved into an advisory position, the corporate has confirmed.

The transition comes as Bedi steps again for private and household causes. He’s anticipated to stay with the agency till July earlier than exiting, whereas retaining a big fairness stake.

“Mohit Bedi, Cofounder of Kiwi, has determined to step again from his government position attributable to private and household commitments. He’ll proceed to retain a big fairness stake within the firm, reflecting his confidence in and affiliation with Kiwi’s long-term progress. The management crew and strategic priorities stay unchanged,” Kiwi stated. 

Bedi co-founded the corporate in 2022 alongside Anup Agrawal and Siddharth Mehta. As per media experiences, Bedi could begin a brand new enterprise within the fintech sector, although this has not been publicly confirmed by Bedi or Kiwi. 

Earlier than launching Kiwi, Bedi held roles at PayU and Axis Financial institution, the place he served as senior vice-president and enterprise head for buying and industrial playing cards.

Kiwi operates within the rising credit-on-UPI section, enabling credit-based transactions on India’s unified funds interface. The corporate has partnered with lenders together with AU Small Finance Financial institution, Sure Financial institution and Axis Financial institution, and says it has issued greater than 200,000 bank cards via these partnerships. 

The agency not too long ago appointed Sumeet Basrani as CBO, indicating continuity in its management construction.

Kiwi has raised a complete of $43 million in funding so far, together with a $24 million Sequence B spherical in 2025 led by Vertex Ventures Southeast Asia & India, with participation from Nexus Enterprise Companions, Stellaris Enterprise Companions and Omidyar Community.