MobiKwik Q1 FY27 revenue up around 4% to Rs 281 crore
The fintech company posted a net profit of Rs 7.6 crore in Q1 FY27, compared to a net loss of Rs 41.9 crore in the corresponding quarter last year.
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The fintech company posted a net profit of Rs 7.6 crore in Q1 FY27, compared to a net loss of Rs 41.9 crore in the corresponding quarter last year.
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We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
The clarification comes after FIRs were registered in Bengaluru against MobiKwik and lending partner Lendbox.
The latest police action adds another layer to a dispute that has been simmering since tighter RBI norms reshaped India’s P2P lending landscape in 2024.
The company's net loss narrowed to Rs 62.1 crore during the fiscal from Rs 121.5 crore in FY25.
The NBFC license will allow the fintech company to launch a new lending division -- MobiKwik Financial Services Pvt Ltd.
Pathan has more than 14 years of experience in risk management leadership roles across banking, microfinance, insurance and financial services in India and the Middle East.
It swung to a net profit of Rs 4 crore in Q3 FY26 from a net loss of Rs 53 crore in the year-ago period.
Rainmatter has acquired 9% stake in the company as part of the investment.
The SRPA was an entity floated by industry association Payments Council of India (PCI) to qualify as an SRO under the RBI’s framework.
The fintech claims to be one of the first three apps in India to enable digital foreign exchange services to mobile.
MobiKwik's net loss expanded to Rs 28.6 crore in the second quarter of FY26 from Rs 3.5 crore in the same quarter of FY25.
Mohit Narain's resignation took effect at the end of business on October 24, 2025, the fintech firm disclosed in a regulatory filing.
MobiKwik has already recovered Rs 14 crore. An FIR has been filed and over 2,000 merchant bank accounts have been frozen.
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
The fintech firm alleges that the IPO lead manager DAM Capital has withheld Rs 42 crore meant for IPO-related expenses.
The financial services revenue dropped massively on yoy basis to Rs 58 crore from Rs 170 crore posted during Q1 FY25.
While the company has disclosed financials till Q1FY25, the FY25Q2 and FY25Q3 will give a clear view on the performance of MobiKwik.