Anq, a contemporary digital banking platform emphasizing rewards, has purchased Kiwimoney, a lending platform specializing in healthcare sector loans, for an undisclosed sum. Established by Shrikant Bhalerao, Kiwimoney focuses on exclusive loan origination and management technologies and maintains a strategic partnership with Western Fintrade located in Ahmedabad. Reflecting on the partnership, Shrikant Bhalerao expressed enthusiasm, stating, “Partnering with Anq Finance, recognized for its inventive financial services, intends to transform fintech lending by providing customers with state-of-the-art solutions”.

Ashish Khandelwal, the Founder of Anq, emphasized, “This strategic acquisition is set to drive Anq’s expansion in India, enhancing the value we offer to our customers”. Anq, Co-Founded by Ashish Khandelwal, has garnered substantial support from prominent investors such as Kunal Shah of Cred, Ashish Sharma from Innoven Capital, and Madhusudan from M2P, leveraging their financial expertise. This acquisition not only reinforces Anq's capabilities in fintech but also diversifies its portfolio and market presence by venturing into lending-related initiatives.

Anq Finance gained recognition for its prepaid card services, enabling users to earn rewards in gold and digital assets while making transactions at popular merchants like Swiggy, Zomato, Flipkart, Amazon and more. On the other hand, Kiwimoney, a healthcare financing fintech startup, facilitates affordable healthcare loans, ensuring access to crucial medical care regardless of financial constraints. Their services encompass a wide array of minimally invasive elective surgeries across various medical categories, reshaping the landscape of healthcare financing in India.