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Mobile Wallet MobiKwik Raises $50 Million

Mobile wallet company One MobiKwik Systems Pvt. Ltd. announced that it has raised around $50 million in its Series C round of funding which was led by Japan’s payment gateway GMO and Taiwan’s semiconductor company MediaTek. The funding round also saw participation from existing investors Sequoia Capital and Asia-focused hedge fund Tree Line Asia.

MobiKwik, which claims to have over 30 million users and 75,000 merchants, will utilize the capital ...

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