Indian banking app Mewt secures $4.6 million in seed round

Oluwajuwonlo Afolabi -

Mewt, an India-based banking super app focusing on Micro and Medium and Small Enterprises (MSMEs) has secured $4.6 million in its seed round funding.

  • The fund will be used to increase its employee base and launch a debit card for MSMEs in India.
  • Mewt offers alternative banking to cash-short MSMEs and has worked with over 200,000 of them, in tier II and III in the country.
  • Quona Capital led the funding round with participation from BEENEXT, DG Daiwa Ventures, Goodwater Capital, Allin Capital, and angel investors.