Mobile wallet company receives funding from Tree Line Asia, Cisco Investments, American Express and Sequoia Capital
Gurgaon-based MobiKwik, a mobile wallet company which has applied for a payment bank licence from the Reserve Bank of India, has received $25 million in funding from hedge fund Tree Line Asia Master Fund (Singapore) Pte Ltd, Cisco Investments—Cisco's venture capital arm—American Express Ventures, strategic investment group within American Express, and venture capital firm Sequoia Capital.