MobiKwik invests Rs 2 Cr in data science startup Pivotchain - Bizztor

Digital payments firm, MobiKwik has made its maiden investment by investing R 2 cr in a Pune-based data science company Pivotchain Solutions. MobiKwik's CEO, Bipin Preet Singh said in an official statement, "Pivotchain is doing incredible work in alternate data scoring, predictive modeling and risk management and this investment will give us an edge over competition. We will continue to invest in companies that can add value to our business." According to various reports, MobiKwik has been busy doing some major restructuring and reshuffling of its firm. MobiKwik recently announced the appointment of Vinayak N as its new head of the Lending Business at MobiKwik., Also, Daman Soni who was heading marketing and growth at digital payments entity MobiKwik had quit the company followed by the Chief Business officer, Vineet Singh's exit.