MobiKwik

MobiKwik is India's leading FinTech platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has grown to become a trusted platform with 135 million registered users. Leveraging big data analytics and deep data science, MobiKwik aims to continuously delight users and merchants on its platform. The company's mission is to build a world-class payments and credit product for Bharat. With a merchant network of 4 million-strong, users can easily make payments for their everyday needs, such as utility bills, e-commerce, food delivery, and shopping at small and large retail chains, as well as mom-and-pop (Kirana) stores. Recognizing the low credit card penetration rate in India, which stands at only 3.5%, MobiKwik launched digital credit in 2018. This initiative aims to cater to the credit needs of digitally-savvy users, resulting in 30 million credit pre-approved users and the commitment to providing underserved Indians with their first credit experience. MobiKwik achieved profitability in Q3 and Q4 FY22, ending FY2022 with INR 5.4 bn in revenue, marking an 80% YoY growth. The company's last investment was an INR500.00M Debt Financing investment from BlackSoil on 28 March 2024. MobiKwik's rapid growth in the Financial Services, Fintech, and Payments industries, coupled with its impressive financial performance and strategic initiatives, positions the company as a noteworthy player in India's tech and financial landscape. For more information, please visit MobiKwik's website.