Livquik, the firm behind digital payments platform QuikWallet, has raised $1.6 million in funding from existing investor Snow Leopard Technology Ventures.
QuikWallet currently caters to about 1,000 restaurants and small businesses with a gross transaction value of Rs 50 lakh per month.
The firm started off building a payments and loyalty app for restaurants but has transformed the product into a payments platform for small businesses such as mom and pop shops, florists, etc.
QuikWallet supports both online and offline transactions with a plethora of payment offerings through SMS, NFC, QR codes, Web/Mobile Apps and a POS Software.
Including the current round of funding, QuikWallet has raised $2.1 million in funding.