MobiKwik Subsidiary Gets RBI NBFC License

One MobiKwik Systems Ltd. announced that its wholly owned subsidiary, MobiKwik Financial Services Private Limited (MFSPL), has received the Certificate of Registration from the RBI to operate as a Non-Banking Financial Company (NBFC). This follows an in-principle approval in April 2026. MFSPL plans to launch credit products for consumers and MSMEs, aiming to disburse INR 5,000 crore over the next three to four years. Operations are expected to commence within three to six months, initially using an asset-light co-lending model in partnership with banks and NBFCs. This move aims to complement MobiKwik's existing Lending Service Provider business by allowing direct credit origination, enhancing product flexibility and lending economics.