Funding · Financial Services
MobiKwik raises funds from existing investors
By Startup Enthusiast ·

- Date
- Company
- MobiKwik
- What it does
- Digital payments and financial services platform
- Kind
- Funding
- Amount
- Undisclosed
- Sector
- Financial Services
What they do
MobiKwik is a digital payments and financial services platform in India
What happened
It raised an undisclosed amount from existing investors in a new funding round
Why it matters
The company plans to use the funds to expand its lending and buy-now-pay-later business
The details
- MobiKwik has raised an undisclosed amount from existing investors.
- The funding round was led by existing investors who participated in the round.
- The company will use the funds to expand its lending and buy-now-pay-later (BNPL) business.
- MobiKwik also plans to strengthen its technology platform with the new capital.
- The company aims to increase its user base and deepen financial inclusion.
- This is a follow-on investment from existing backers who have supported MobiKwik previously.
About the business
- MobiKwik operates a digital payments platform that allows users to make online and offline payments.
- It offers mobile wallet services, UPI payments, and buy-now-pay-later (BNPL) options.
- The company also provides lending products such as personal loans and credit lines.
- MobiKwik earns revenue through transaction fees, interest on loans, and subscription services.
- It serves over 120 million registered users and 3 million merchants across India.
- The platform processes billions of transactions annually in value.
What happens next
- MobiKwik will use the funds to expand its lending and BNPL business.
- The company plans to strengthen its technology platform.
- It aims to increase its user base and deepen financial inclusion.
The deal
- Type
- funding
Founders
- Bipin Preet Singh, Founder
More on MobiKwik
- MobiKwik co-founder buys more shares30 September 2026 · Stake sale · ₹2.12 Cr
- MobiKwik expands FX retail to six currencies10 September 2026 · Launch
- MobiKwik moves lending to subsidiary with equity infusion18 August 2026 · News · ₹60.85 Cr
- MobiKwik posts third straight quarterly profit3 August 2026 · Results · ₹7.61 Cr
- MobiKwik moves digital lending to subsidiary6 July 2026 · News · ₹60.85 Cr
- MobiKwik seeks shareholder approval to revise IPO fund use2 June 2026 · IPO · ₹182.2 Cr
- MobiKwik faces FIRs over allegedly blocking investor funds in P2P lending product22 May 2026 · Policy
- MobiKwik posts ₹4.4 crore profit in Q412 May 2026 · Results · ₹4.38 Cr
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