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.
MobiKwik froze 2,000 merchant accounts after a technical error caused unauthorised settlements worth Rs 40 crore, with Rs 14 crore recovered and FIRs filed in Haryana
Fintech firm One MobiKwik Systems on Thursday confirmed that a technical glitch had led to unauthorised payments in and around one district of Haryana last week, and said remedial measures had been taken with financial impact contained and quantified. The company, in a statement, clarified that the incident did not affect UPI, wallet payments, or user account balances. "MobiKwik confirms that an isolated technical issue on September 11-12, 2025, led to certain failed transactions being incorrectly marked as successful, resulting in unauthorised payouts to some merchants in and around the Nuh district of Haryana. A few merchants and users from this area exploited this issue to gain undue financial benefit. "Upon identification in the early hours of September 12, the Company immediately took corrective action and resolved the issue within 45 minutes. The total financial impact has been contained and quantified," it said, adding that no employees, management personnel or insiders were
One Mobikwik said it has reported a fraud incident in which registered merchants in Haryana colluded to claim unauthorised settlements
One Mobikwik share price today: According to tech charts, the stock has broken out of its months-long consolidation phase and is testing the higher end of the Bollinger Band on the daily chart
Investment platform Enrich Money on Monday said it has become the first mutual fund (MF) distributor to allow MF systematic investment plan (SIP) of as low as ₹10
ADIA offloaded 164.4 million equity shares, valued at ₹39.21 crore, at an average price of ₹238.45 per share, according to NSE block deal data
Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal data available on the NSE, ADIA offloaded a little over 16.44 lakh equity shares, representing a 2.10 per cent stake in Gurugram-based One MobiKwik Systems. The shares were disposed of at an average price of Rs 238.45 apiece, taking the deal value to Rs 39.21 crore. Meanwhile, BofA Securities Europe SA and SI Investments Broking Pvt Ltd bought a total of 9 lakh shares or 1.15 per cent stake in One MobiKwik Systems, a combined transaction value of Rs 22.12 crore. The shares were acquired in the price range of Rs 243.61-248.42 per piece. Details of the other buyers of One MobiKwik Systems' shares could not be ascertained on the exchange. Shares of One MobiKwik Systems climbed 8.12 per cent to close at Rs 237.74 apiece on the NSE. Last month, One MobiKwik Systems rep
Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. Seen sequentially, losses narrowed from Rs 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at Rs 312.8 crore during the first quarter of FY26, compared with Rs 343.6 crore in the same period last year. Payment gateway costs grew to Rs 142.8 crore, up from Rs 127.6 crore, while employee benefit expenses stood at Rs 41.9 crore, reflecting a modest increase from Rs 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised Rs 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of Rs 530.5 crore. The
Shares of One MobiKwik rose after its wholly-owned subsidiary, Mobikwik Securities Broking (MSBPL), secured regulatory approval from the Sebi to operate as a Stock Broker & Clearing Member.
MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.
Saurabh Dwivedi joins as CTO to head payments, financial services, platform and InfoSec as MobiKwik focuses on AI-led tech; Dhruv Wadhera elevated to SVP
Mobikwik share price slipped 6 per cent in trade after 6.8 million shares changed hands through block deal. However, the stock recovered later and was up nearly 2 per cent
For the full FY25, the Gurugram-based company recorded a loss of Rs 121.5 crore
Mobikwik shares slipped 6 per cent after its consolidated net loss for the quarter stood at ₹56.037 crore as compared to a loss of ₹0.67 crore year-on-year (Y-o-Y)
MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade
The company plans to become a member of various stock and commodity exchanges in the country and abroad
The Ministry of Corporate Affairs approved the incorporation of Mobikwik Securities Broking Private Limited, a wholly-owned subsidiary of the company, on March 03, 2025
Till 11:51 AM; a combined equity shares worth of Rs 1,398 crore changed hands on the NSE and BSE in today's trading session, the exchange data shows.