What we do One Mobikwik Systems Ltd is a leading Indian fintech company specializing in mobile wallets, payments, Buy Now Pay Later, and digital financial services. |
Founded in 2,008 |
Market share One of the largest mobile wallets and BNPL players in India by GMV with fast-growing UPI transaction market share. |
Problem solved Provides convenient, technology-driven digital payments, credit, and wealth management solutions to address underserved online consumer credit needs. |
Top clients or who we serve Services millions of individual customers and merchants across retail, e-commerce, and financial sectors in India. Primarily B2C and B2B. |
Key management Bipin Preet Singh (MD & CEO, reappointed 2024), Upasana Taku (Chairperson & CFO), independent directors with strong governance background. |
Our journey and innovations Founded 2008; launched MobiKwik Wallet 2009; expansion into payments, BNPL, mutual funds, AI chatbot LENS; IPO in 2024 raising Rs 572 crore. |
Where we operate Primarily India with minor international revenue; expanding merchant network across urban and semi-urban regions nationwide. |
Top products or what we offer MobiKwik Wallet, MobiKwik Zip BNPL, Pocket UPI, Zaakpay payment gateway, wealthtech mutual fund platform, AI chatbot LENS. |
Top brands MobiKwik Wallet - #1 mobile wallet by GMV; MobiKwik Zip - flagship BNPL product; Zaakpay - payment gateway; Pocket UPI - new payments platform. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues predominantly recurring, driven by ongoing payment transactions and credit service fees with some cyclical market effects. |
Our industry position Strong competitive positioning as major Indian fintech player in digital payments and credit, with growing market share in UPI and BNPL. |
Financial highlights FY25 revenue Rs 1170 crore; net loss Rs 121 crore; 34% YoY revenue growth; recently achieved positive EBITDA and quarterly profitability in late 2025. |
Geographical revenue split 99.9% revenue from India; negligible international operations. |
Order book - |
Whats driving growth Rapid UPI adoption, expansion of merchant network, scaling BNPL/credit offerings, product diversification into wealth management and AI services. |
Our future plans Scaling broking and NBFC subsidiaries, growing lending products, expanding offline merchant presence, and enhancing AI-powered services. |
Our green promise Focus on energy efficiency by cloud computing; no significant capital investment in energy conservation yet; committed to sustainability. |
Our people and values 663 employees with focus on governance, inclusion, and compliance. Strong board oversight and formal performance evaluation process. |
Key challenges ahead Navigating BNPL regulatory changes, improving credit quality, enhancing profitability, and managing cost controls amidst growth. |
Interesting facts One of top 5 fastest growing UPI apps; launched India’s first intelligent AI-based chatbot in payments; IPO in 2024 raised Rs 572 crore. |
Risks and strategy Key risks include regulatory shifts and credit defaults; mitigation via robust risk management, diversified product lines, and partnerships. |
