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Mewt develops a fintech platform designed to streamline financial operations for Micro, Small, and Medium Enterprises (MSMEs). The company's core offering unifies various banking accounts from state-run, private, and neo-banks into a single interface, simplifying business banking. This approach provides small businesses with integrated digital financial management tools, aiming to reduce complexity and improve operational efficiency for its users.
The company was co-founded by Rishabh Jain and Kushal Prakash in 2021. Their foundational insight stemmed from the observed challenges MSMEs face in managing disparate banking relationships and digital finances. Jain and Prakash set out to create a cohesive solution that could aggregate these services, providing a more intuitive and less fragmented financial management experience for small business owners.
Mewt primarily serves the vast ecosystem of small and medium-sized businesses that require accessible and integrated financial tools. Its vision centers on empowering these enterprises by simplifying their financial infrastructure, allowing them to focus more on their core operations. The platform ultimately seeks to foster better financial health and operational agility within the MSME sector.
mewt has raised $5.6M across 2 funding rounds.
mewt has raised $5.6M in total across 2 funding rounds.
mewt has raised $5.6M across 2 funding rounds. Most recently, it raised $5.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $5M Seed | — | Ankur Capital, Atomic, Beenext, Bessemer Venture Partners, Bling Capital, Cedar Capital Group, Craig Shapiro, Felicis Ventures, Flash Ventures, Founder Collective, Gaingels, Greylock, Khosla Ventures, Quona Capital, Serena Ventures, Seven Seven SIX, Trinity Ventures, Vast Ventures, Y Combinator, Anjula Acharia Bath, Gokul Rajaram, Kunal Shah, Nataraj Sindam, Noah Goodhart | Announced |
| Oct 1, 2021 | $580K Seed | — | Atomic, Beenext, Bling Capital, Craig Shapiro, Felicis Ventures, Flash Ventures, Founder Collective, Gaingels, Greylock, Khosla Ventures, Serena Ventures, Seven Seven SIX, Trinity Ventures, Vast Ventures, Y Combinator, Anjula Acharia Bath, Noah Goodhart | Announced |
mewt has raised $5.6M in total across 2 funding rounds.
mewt's investors include Ankur Capital, Atomic, BEENEXT, Bessemer Venture Partners, Bling Capital, Cedar Capital Group, Craig Shapiro, Felicis Ventures, Flash Ventures, Founder Collective, Gaingels, Greylock.
Mewt is a Bengaluru-based fintech startup founded in 2020-2021 that builds a banking super-app for India's micro, small, and medium enterprises (MSMEs). It serves cash-strapped small businesses by simplifying digital financial management through features like super QR for receivables, super-fast transfers for large payments, and a unified super-account aggregating multiple banks (state-run, private, and neo-banks).[1][2][3][4] With around 30-34 employees, Mewt has raised ₹40.16 Cr in funding, remains privately active, and has impacted over 200,000 small businesses in its early years, focusing on alternative business banking solutions.[1][3][4]
Mewt was founded by Rishabh Jain and Kushal Prakash in Bengaluru, India, with founding dates listed as 2020 in some records and 2021 in others.[1][3][4] The entrepreneurs launched the 10-month-old company (as of early reporting) to address the pain points of MSMEs struggling with fragmented banking and cash flow issues.[4] Early traction came quickly, impacting over 200,000 small businesses, driven by the idea of a unified super-app for seamless financial operations amid India's growing digital payments ecosystem.[1][4] Pivotal moments include securing ₹40.16 Cr in total funding while maintaining a lean team of about 30 employees.[1][3]
Mewt stands out in India's crowded fintech space through targeted MSME-focused innovations:
(Note: A separate entity at mewt.com offers device security hardware, but query context aligns with the Indian fintech Mewt.[2])
Mewt rides India's explosive MSME digital transformation trend, where over 60 million small businesses increasingly adopt fintech amid UPI's dominance and government pushes like Digital India.[1][3][4] Timing is ideal post-2020, as COVID accelerated digital payments and neo-banking, with MSMEs facing acute cash flow issues that Mewt's super-app directly solves.[1] Market forces like rising UPI transactions (over 10B monthly) and RBI's SMB lending initiatives favor its growth, positioning Mewt to capture share in a $100B+ digital banking market.[3][4] It influences the ecosystem by democratizing banking for underserved MSMEs, fostering financial inclusion and enabling small businesses to compete in e-commerce and supply chains.[1][4]
Mewt's lean operation and early traction signal strong potential for scaling in India's fintech boom, likely pursuing Series A expansion to deepen features like lending or analytics. Trends like embedded finance, AI-driven cash flow tools, and regulatory tailwinds for neo-banks will shape its path, potentially growing user base to millions. Its influence may evolve from niche MSME helper to ecosystem enabler, integrating with platforms like ONDC—watch for partnerships amplifying its super-app edge. This positions Mewt as a quiet contender in SMB fintech, much like its origins solving real cash-strapped pain points.[1][3][4]
