MobiKwik has achieved a significant milestone by obtaining approval from the Reserve Bank of India (RBI) for its Non-Banking Financial Company (NBFC) application.
This development is set to enhance the company's financial services offerings and expand its reach in the fintech sector.
On April 27, 2026, MobiKwik announced that its application for an NBFC license had been approved by the RBI.
This approval allows the company to establish a new lending division, MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary.
MFSPL will focus on expanding regulated lending capabilities and designing innovative credit products.
The NBFC license will enable MobiKwik to leverage its existing strengths, including a customer base of over 186 million, a trusted brand name, and robust tech infrastructure.
The company plans to offer both secured and unsecured credit products to consumers and MSMEs, particularly in underserved geographies.
The approval of the NBFC application aligns with MobiKwik's long-term vision of building a comprehensive fintech platform.
The company aims to deliver accessible and tech-led financial products, focusing on financial inclusion in underpenetrated regions.
MobiKwik's strategy involves leveraging AI-ML models and its large user base to offer personalised financial products tailored to diverse consumer needs.
The core focus will remain on Tier 2 and Tier 3 cities, but services will be available nationwide.
Read More: MobiKwik Share Price in Focus as Domestic AIFs Reduce Ownership by 50% During March Quarter!
Upasana Taku, Executive Director, Co-founder & CFO of MobiKwik, expressed satisfaction with the swift approval process, which took less than 4 months.
She highlighted the regulatory framework's role in deepening credit offerings while maintaining strong governance and risk discipline.
As of April 27, 2026, at 1:47 PM, One Mobikwik Systems share price on NSE was trading at ₹236.44 up by 16.92% from the previous closing price.
MobiKwik's acquisition of an NBFC license marks a pivotal step in its evolution as a financial services platform. By expanding its lending capabilities, the company is poised to enhance its fintech offerings and improve financial inclusion across India.
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Published on: Apr 27, 2026, 4:04 PM IST
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