MobiKwik is India’s leading fintech platform, operating businesses in consumer payments, payment gateway, and financial services.The vision of the company is to build accessible, and affordable digital financial services for a Billion Indians. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised over $100M in funding from marquee investors. With 60% Indian ownership, MobiKwik is the Truly Indian Payments App.
MobiKwik’s payments network is one of the largest in India with 120 million users, 3 million merchants, and 300+ billers. Having grown from its strength in payments, the company has transformed into a full-stack fintech platform offering financial products. Since 2018, MobiKwik has disbursed 19 lakh loans via its Digital Credit Line, which disburses money instantly to the user’s wallet. The company ventured into the mutual fund space with the acquisition of Mumbai- based Clearfunds.
Downloads: 120M users
Investors: Sequoia Capital India, Bajaj Finance, American Express and Net1
Founded in: August 2009
Founded by: Upasana Taku & Bipin Preet Singh
Headquarters: Gurgaon, India
Category: Fintech, Payments, BFSI