MobiKwik gets RBI licence for lending arm
By Abha Lohia · Editor ·
MobiKwik: revenue and funding and every story →
Founded 2009
- MobiKwik is a digital wallet and payments company that also distributes loans from partner lenders
- Its wholly owned subsidiary MobiKwik Financial Services has received central bank registration to operate as a non-bank lender
- It plans to start in three to six months through co-lending, aiming to disburse ₹5,000 crore over three to four years
What happened
- MobiKwik's subsidiary got an NBFC (non-bank lender) registration from the RBI.
- It follows an in-principle nod from April 2026.
- Operations should begin within three to six months.
- It starts with co-lending alongside banks and other lenders.
- Targets ₹5,000 crore of loans over three to four years.
Why it matters
- It lets MobiKwik lend on its own books, beyond its current distribution role.
- The plan covers consumers and MSMEs with secured and unsecured credit.
The business
- MobiKwik runs a wallet and payments app.
- It also distributes credit for regulated lenders.
The founders
What happens next
- Launch of lending within three to six months.
The numbers around it
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Other articles talking about it
Terms in this story
- RBI fintech regulation: A fintech startup needs a Reserve Bank of India (RBI) licence, or a licensed partner, before it can lend, hold customer money or process payments. A new non-bank payment aggregator needs net worth of ₹15 crore when it applies and ₹25 crore by its third year, and the digital lending directions took effect on 8 May 2025.
- Co-lending: Co-lending is an arrangement in which two regulated lenders, usually a bank and a non-bank finance company (NBFC), fund the same loan and share its risk and interest. In India it is governed by RBI directions, and it lets fintechs reach borrowers without funding every rupee themselves.
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