
Mobikwik

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About Mobikwik

We are a publicly listed fintech company and the home to India’s largest digital wallet and trusted by over 167 million users and more than 4.4 million merchants. Our platform-based business comprises 2-sided payment networks, bridging payments for users and merchants. We cater to the financial needs of our users via payments, investments, and consumer credit. On the merchant side, we aim to empower their businesses as their primary payment partner by offering a range of financial services such as QR, Soundbox, EDC machine & more.
As a technology-first company, we leverage big data analytics and deep data science to keep on innovating and delivering world-class financial products for Bharat! Founded in 2009 by Bipin Preet Singh and Upasana Taku, we have over 167 million registered users who make day-to-day payments at large retail chains and mom & pop (kirana) stores, across a 4.4 million strong merchant network.
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Compare Mobikwik with Similar Companies
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Overall Rating | 3.5/5 based on 431 reviews | 2.9/5 based on 1.2k reviews | 3.6/5 based on 856 reviews | 3.7/5 based on 807 reviews |
Highly Rated for | ![]() No highly rated category | ![]() No highly rated category | ![]() No highly rated category | ![]() No highly rated category |
Critically Rated for | Promotions Company culture | Salary Promotions Job security | Promotions Salary | Job security Promotions |
Primary Work Policy | Work from office 63% employees reported | Work from office 47% employees reported | Work from office 74% employees reported | Work from office 65% employees reported |
Rating by Women Employees | 3.5 Good rated by 78 women | 3.3 Average rated by 108 women | 3.5 Good rated by 149 women | 3.7 Good rated by 109 women |
Rating by Men Employees | 3.5 Good rated by 331 men | 2.8 Poor rated by 1k men | 3.6 Good rated by 670 men | 3.8 Good rated by 648 men |
Job security | 3.4 Average | 2.6 Poor | 3.5 Good | 3.2 Average |
Mobikwik Salaries
Team Lead

Software Development Engineer II

Software Engineer

Software Development Engineer

Operations Executive

Software Developer

Data Analyst

Collections Manager

Associate Director

Devops Engineer

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Mobikwik News
MobiKwik’s Uphill Climb Gets Even Steeper
- India’s fintech sector is highly competitive, with MobiKwik facing increasing challenges.
- Despite revenue decline and widened losses, MobiKwik aims to turn EBITDA-positive by Q4.
- The company focuses on its payment business, wallets, and forays into lending and stock broking.

New-Age Tech Stocks Slide As Bears Take Over D-Street, MobiKwik Drops The Most
- New-age tech stocks, under Inc42’s coverage, faced pressure as bears dominated D-Street.
- MobiKwik emerged as the biggest loser post a disappointing quarterly financial report.
- 22 tech stocks ended in the red, with MobiKwik and ideaForge witnessing significant declines.

Fintech firm MobiKwik's loss jump 6X to Rs 42 crore in Q1 FY26
- Fintech platform MobiKwik reported a consolidated net loss of Rs 41.9 crore in Q1 FY26, a significant jump from Rs 6.6 crore in the same period last year.
- The company's total income decreased by 18.6% year-on-year to Rs 281.6 crore, mainly due to a decline in financial services revenue and higher financial guarantee costs related to its lending model.
- MobiKwik witnessed a sharp decline in profitability attributed to shrinking revenue from its digital credit business, which plunged by 65.8% to Rs 58.3 crore in the quarter.
- While the payments segment showed resilience, contributing 76% of total income, MobiKwik reported growth in user and merchant base, ending the quarter with 18 crore registered users and 46.4 lakh merchants.

MobiKwik's subsidiary gets SEBI approval to act as a stock broker
- MobiKwik's subsidiary, Mobikwik Securities Broking Private Limited, has obtained SEBI approval to operate as a stockbroker.
- The SEBI registration, issued on July 01, 2025, allows MSBPL to engage in buying, selling, clearing, and settlement of equity trades.
- MobiKwik, the parent company, aims to leverage this approval to enhance its wealth distribution vertical and expand its presence in the capital markets.
- With this new license, MobiKwik strives to simplify investing for retail investors and strengthen its position as a full-stack fintech platform.

MobiKwik Elevates Saurabh Dwivedi To CTO
- MobiKwik has promoted Saurabh Dwivedi to the role of chief technology officer (CTO) and Dhruv Wadhera to senior vice president (SVP) for offline payments.
- Dwivedi, with over two decades of experience, previously led engineering efforts in digital payments, focusing on product innovation and system resilience.
- In his new role, Dwivedi will lead engineering efforts across payments, financial services, core platform, infrastructure, infosec, and AI product development at MobiKwik.
- MobiKwik is focusing on leveraging AI as a growth catalyst, aiming to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation.

Indian fintech firm MobiKwik elevates Saurabh Dwivedi to CTO role
- MobiKwik, a Gurugram-based fintech firm, promoted Saurabh Dwivedi to the role of Chief Technology Officer (CTO), citing his key role in building engineering teams and developing new products.
- Dwivedi, with over two decades of experience, will lead engineering efforts across key verticals such as Payments, Financial Services, Core Platform, and Infrastructure & Information Security.
- MobiKwik is focusing on AI as a growth driver this year, with Dwivedi spearheading initiatives for AI-assisted product development, Efficient Collections, and Customer Delight to drive revenue and expand margins through automation.
- The company also promoted Dhruv Wadhera to Senior Vice President of offline payments, emphasizing the opportunity to empower SMEs and MSMEs in India's digital transformation journey.

New-Age Tech Stocks Surge On Broader Market Bull Run, FirstCry Biggest Gainer This Week
- Majority of new-age tech stocks in India saw gains this week, with FirstCry leading.
- Paytm shares rose amid reduced GST demand, while Mobikwik saw stake sale impact.
- B2B construction player ArisInfra saw a drop after its recent listing on bourses.
- Delhivery and Nykaa also recorded gains, showcasing strong performance in the market.

MobiKwik Shares Rally 15% On Block Deal Buzz
- Shares of One Mobikwik Systems Limited, the parent entity of fintech major MobiKwik, surged close to 15% on BSE today, reaching INR 282.65 per share during intraday trading.
- The rally was fueled by an 8.98% equity block deal worth INR 168 Cr, with Net1 Applied Technologies Netherlands BV reportedly looking to offload 8% of its stake in MobiKwik at a discount.
- MobiKwik shares were listed at a premium of 58.5% during their debut on the NSE and BSE in December 2024 but have since lost 44.37% of their value.
- MobiKwik faced a dip in stock prices following the finance ministry's denial of reinstating Merchant Discount Rate (MDR), impacting its revenue projections. The company reported a significant net loss of INR 56.03 Cr in Q4FY25.

Swiggy Emerges Biggest Winner In A Mixed Week For New-Age Tech Stocks, FirstCry Slumps
- In a mixed week for the Indian equity market, new-age tech stocks saw varied performances with Swiggy emerging as the biggest winner.
- The market cap of new-age tech companies increased to $88.16 Bn, despite a majority ending the week in the red.
- Swiggy's shares rose by 10.09%, while FirstCry slumped by 10.18% to end the week.
- Other gainers included Go Digit, Ather Energy, Nykaa, PB Fintech, and IndiaMART.
- Among the losers were companies like Ola Electric, MobiKwik, and DroneAcharya.
- Notable IPO filings included Shiprocket, Groww, PhysicsWallah, and boAt, with Ather Energy being the only one to go public so far this year.
- Benchmark indices Sensex and Nifty 50 ended the week in the green, rising 1.6% each.
- Market sentiment was positive due to improving macroeconomic indicators, FII buying, and RBI's relaxation of project financing norms.
- Swiggy reported a significant rise in market cap and launched a new concierge service, 'Crew'.
- FirstCry faced insolvency troubles as shareholders filed a petition against its subsidiary, GlobalBees Brands.
- Overall, the week saw a mix of gains and losses for new-age tech stocks amid positive market trends.

Techfino Bags INR 65 Cr To Offer Loans To MSMEs
- Techfino, an NBFC, raises INR 65 Cr from Stellaris Venture Partners and Saison Capital.
- The funding will be used to expand branch network, strengthen tech stack, and scale up operations.
- Techfino leverages a robust technology platform for underwriting with external APIs.
- Founded in 2019, Techfino offers financial assistance to MSMEs, focusing on Tier II and III cities.
- It provides loans against property, education loans, and operates in multiple states.
- The company claims to have disbursed over 1 Lakh loans and surpassed INR 200 crore in AUM.
- Indian NBFCs have been attracting investments, with Flexiloans and Bizloan securing funds recently.
- Fintech giants like Jio, MobiKwik, Flipkart, and Spinny are also expanding their NBFC arms.
- Spinny, Vayana, and Kuhoo have received NBFC licences from the central bank.


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