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MobiKwik
About
MobiKwik is a financial services company that provides a fintech platform designed for online payments, life insurance, and loans.
- Gurgaon,Haryana,India
- 501 - 1000
- https://www.mobikwik.com
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- ₹55M
- Industries
- Consumer Lending,Financial Services,FinTech,Lending,Mobile Payments,Payments,Wealth Management
- Founded date
- Aug 15, 2009
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Legal Name
- One MobiKwik Systems Private Limited
MobiKwik is a fintech platform, operating businesses in consumer payments, payment gateway, and financial services. MobiKwik’s payments network is one of the largest in India with 120 million users, 3 million merchants, and 300+ billers. 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.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.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 4, 2022 | Debt Financing | ₹55M | 2 |
BlackSoil
|
— | Detail |
| Oct 13, 2021 | Secondary Market | — | — | — | — | Detail |
| Jun 9, 2021 | Series G | ₹1.49B | 1 |
Abu Dhabi Investment Authority
|
— | Detail |
| Apr 14, 2021 | Series F | $5M | 11 | — | — | Detail |
| Mar 24, 2021 | Series F | ₹525M | 5 | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Oct 12, 2022
Nxyz
|
Series A | $40M | Blockchain | — |
|
May 18, 2022
Tally Labs
|
Seed | $12M | Blockchain | — |
|
Apr 25, 2022
Mad Realities
|
Seed | $6M | Blockchain | — |
|
Feb 3, 2022
Rare Circles
|
Seed | $7.50M | Blockchain | — |
|
Jan 20, 2022
Oncyber
|
Seed | $6.70M | 3D Technology | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
BlackSoil
|
Yes | Debt Financing |
|
|
Yes | Debt Financing |
|
Abu Dhabi Investment Authority
|
Yes | Series G |
Hindustan Media Venture
|
Yes | Series E |
|
|
Yes | Series E |
Bajaj Finserv Limited
|
Yes | Series E |
NDTV Limited
|
Yes | Series E |
Trifecta Capital Advisors
|
Yes | Series E |
Gaurav Manglik
|
Yes | Series E |
|
|
Yes | Series E |
Employee Profiles
Acquisition
MobiKwik has acquired 1 organizations. Their most recent acquisition was Clearfunds on Oct 12, 2018. They acquired Clearfunds for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Oct 12, 2018
Clearfunds
|
Financial Services | acquisition | — | Detail |
