New Launch3 Jul 2025, 03:31 pm
MobiKwik Subsidiary Gets SEBI Nod to Act as a Stock Broker
AI Summary
Mobikwik Securities Broking Private Limited (MSBPL), a wholly-owned subsidiary of One MobiKwik Systems Ltd. (MobiKwik), has received regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a Stock Broker / Clearing Member. This license strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem, reinforcing its transformation into a comprehensive fintech platform.
Key Highlights
- Mobikwik Securities Broking Private Limited receives SEBI nod to act as a Stock Broker / Clearing Member.
- This license strategically positions MobiKwik to accelerate growth in its wealth distribution vertical.
- MobiKwik is expanding rapidly in the credit distribution business and building traction in the wealth distribution vertical.