MobiKwik

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

In an exchange filing, MobiKwik said that it has posted a net profit of ₹7.6 crore in Q1, compared with a net loss of ₹419.2 crore in the year-ago period.

Fintech firm MobiKwik reported its third consecutive profitable quarter in Q1 FY27, with net profit at Rs 7.61 crore, revenue from operations rising 3.72 per cent and GMV increasing 50 per cent

Fintech firm MobiKwik on Monday said it has received shareholders' approval to transfer its lending services business to another wholly owned subsidiary. The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use. " MobiKwik received shareholder approval to transfer its Lending Services Provider business to a wholly owned subsidiary and to amend its IPO objects. These key resolutions were passed through a remote e-voting postal ballot, which concluded on July 2, 2026. This approval now enables us to transfer the business on a slump sale basis to MobiKwik Distribution Services Private Limited," MobiKwik, Co-founder, CFO and ED, Upasana Taku said in the letter. The company has already received NBFC license approval from the RBI.

The fintech firm plans to scale its merchant payments business tenfold by FY28 after receiving the RBI's in-principle nod for a Payment Aggregator-Physical licence

Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players

MobiKwik returned to profitability in the fourth quarter of FY26 as lower expenses and reduced payment processing costs supported margins amid stable revenue growth

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The transaction marks the firm's complete exit from the Gurugram-based fintech, where it was an early institutional investor

Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said. According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. "Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said. A query sent to Peak XV and One Mobikwik elicited no immediate reply. Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV. The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering

The NBFC's operations, however, will commence upon receipt of the Certificate of Registration (CoR) from the RBI, subject to the fulfilment of certain conditions

MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities

MobiKwik appoints Anis Pathan as chief risk officer to strengthen enterprise risk management, fraud prevention and compliance across payments, lending and broking businesses

One Mobikwik Systems jumped 12.7 per cent to ₹227.4 on the National Stock Exchange (NSE) in Tuesday's trading session.

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Fintech firm MobiKwik reported a consolidated net profit of ₹4.04 crore in Q3FY26, aided by revenue growth and a sharp decline in expenses, after posting losses in earlier quarters

The fintech firm reported a ₹28.61 crore loss in Q2 FY26, citing a ₹40 crore fraud incident, even as expenses fell and partial recovery efforts were initiated

MobiKwik's Q2FY26 loss widened to Rs 28.6 crore even as it tightened expenses. The fintech firm will not revive its BNPL product and is betting on ZIP-EMI and personal loans for growth.