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The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
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.
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
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.
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
The latest funding round valued the Delhi-based startup at Rs 45 crore.
The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.
MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.
While the company has disclosed financials till Q1FY25, the FY25Q2 and FY25Q3 will give a clear view on the performance of MobiKwik.
