Siddharth Mehta (Kiwi)
Overview
Siddharth Mehta is widely known as a prominent Indian entrepreneur and co-founder of the fintech company Kiwi. Established in 2022, Kiwi has made waves in the fintech world by allowing users to make UPI payments using RuPay credit cards. Prior to founding Kiwi, Siddharth Mehta served as the CEO and Managing Director of Freecharge, a position he held from August 2019 to February 2023. Under his leadership, Freecharge experienced strategic growth and innovation in digital payment solutions. Mehta’s career also includes significant roles in Axis Bank, where he contributed to merchant services and commercial card strategies.
Recent Developments
In recent years, Siddharth Mehta has made significant contributions to the fintech landscape. Some key developments include:
- 2023: Siddharth Mehta left Freecharge to focus on his venture, Kiwi, thereby entering the burgeoning space of digital financial services using his extensive experience in the fintech sector (source).
- November 2023: Kiwi raised $13 million in a Series A funding round led by Omidyar Network, with participation from Nexus Venture Partners and Stellaris Venture Partners, reflecting significant investor confidence (source).
- 2024: Under Mehta's leadership, Kiwi expanded its operations, aiming to provide credit access on UPI for half a million users by 2024, showcasing potential to disrupt traditional credit card services with its innovative product offerings (source).
- August 2025: Kiwi announced a Series B funding round to raise $23 million, aiming to enhance its technology platform and expand its market presence. The capital infusion will boost Kiwi’s valuation to over $100 million, marking a significant milestone in its growth trajectory (source).
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Siddharth Mehta |
| Born | Unknown |
| Nationality | Indian |
| Occupation | Entrepreneur |
| Known For | Co-founding Kiwi, former CEO of Freecharge |
| Net Worth | Approx. $0 – $60M (₹0 – ₹500+ Cr) |
| Education | IMI New Delhi, Maharashtra Institute of Technology |
Early Life and Education
Siddharth Mehta’s educational background includes a Master’s degree from the International Management Institute (IMI), New Delhi, and his undergraduate studies at the Maharashtra Institute of Technology. Mehta has consistently demonstrated a keen interest in finance and technology, setting the foundation for his future endeavors in fintech. His early career roles at Citibank India and Axis Bank provided him with critical experience in commercial banking and digital payments strategy, preparing him for leadership roles in the fintech industry.
Career and Notable Achievements
Siddharth Mehta's professional journey is marked by numerous achievements:
- Citibank India: Managed various strategic roles focusing on digital payments and customer loyalty.
- Axis Bank: Played a crucial role in scaling merchant acquiring and transit payment solutions as Vice President.
- Freecharge: As CEO, led the company through digital transformation, enhancing its product offerings and market position.
- Kiwi: Co-founded this innovative fintech startup focusing on expanding UPI-enabled credit access, receiving significant venture capital interest.
Current Work and Impact
As of 2025, Siddharth Mehta continues to lead Kiwi with a vision to revolutionize financial technology by integrating credit facilities into India's widely adopted UPI system. His contributions to fintech innovations are transforming how people manage transactions, with Kiwi poised to significantly impact the digital payments market.
Siddharth Mehta Bay Capital
Bay Capital is another entity linked with the name Siddharth Mehta, though it involves a different individual who is the founder and CIO of Bay Capital, focusing on investments and financial strategies. Bay Capital has played a role in disrupting traditional financial services through fintech avenues.
Siddharth Mehta LinkedIn
Siddharth Mehta is active on LinkedIn, often sharing insights into the fintech industry and updates about the progress of Kiwi. His LinkedIn presence serves as an essential platform for networking and sharing the latest developments in Kiwi's journey.
Conclusion
Siddharth Mehta’s contributions to the fintech sector are significant. As co-founder of Kiwi, he is leading a company that is reshaping how consumers and businesses interact with credit facilities via UPI. His leadership at Freecharge and present endeavors at Kiwi demonstrate his commitment to innovation in financial technologies, making him a pivotal figure in the industry’s evolution.