Cross-border payments platform HiWiPay has raised $2 million in a seed subsidizing circular driven by Unicorn India Ventures. The circular too seen interest from Dewang Neralla's family office, Jupiter Metaverse LLP, and other angel investors such as Ritesh Malik, Mitesh Shah, and Nilesh Doshi.

The continues will be utilized to grow and improve the exchange remittance business, as well as scale up operations within the instruction settlements division, HiWiPay said in a press discharge.

Co-founded in 2022 by Dewang Neralla, Geeta Chauhan, and Ujwal Tamminedi, HiWiPay may be a cross-border payments stage that provides a consistent computerized encounter, eliminating paperwork hassles and guaranteeing secure, compliant exchanges. The stage expels challenges such as a need of straightforwardness in trade rates, seen tall forex edges, due constancy, compliance requirements, and documentation obstacles.

The Mumbai-based startup points to streamline forms over different segments and businesses facing intricate strategies. The stage gives competitive trade rates and real-time following, making global payments effortless.

HiWiPay plans to present its student app within the UK to set up a nearness in key centers over Europe. The company claims to have collaborated with multiple banks and NBFCs to offer assistance people secure instruction credits, making examining overseas more open and achievable. It moreover plans to enter the SME exchange settlement space and is set to dispatch co-branded forex cards and other monetary administrations to cater to understudies.

Within the following 12–18 months, HiWiPay plans to onboard 5,000 international students on its student app. The company anticipates its exchange volume to reach $100 million in settlements and points to double the arrange of education specialists to 1,000. It too plans to bolster 1,000 SME exporters with trade settlement arrangements whereas strengthening banking organizations to improve FX rates and installment effectiveness.

It competes with Skydo and BriskPe on the exchange side and Fly Fund on the instruction side.