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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.
About
Financial Services, FinTech, Lending, Wealth Management, Mobile Payments, Payments, Consumer Lending
2009
501-1000
Headquarters locations
India, Asia
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MobiKwik headquartered in India, Asia, operates in the Financial Services, FinTech, Lending, Wealth Management, Mobile Payments, Payments, Consumer Lending sector. The company focuses on Financial Services and has secured $102.7B in funding across 560 round(s). With a team of 501-1000 employees, MobiKwik is actively contributing to advancements in Financial Services. Their latest funding round, Seed Round - MobiKwik, raised $500.0K. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
20
0
0
$183.4M
Details
14
MobiKwik has raised a total of $183.4M in funding over 14 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2016 | Late Stage Venture | 36.3M | ||
2014 | Early Stage Venture | 2.5M | ||
2015 | Early Stage Venture | 25.0M | ||
2010 | Seed | 500.0K |
Investors
MobiKwik is funded by 66 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
MobiKwik | - | FUNDING ROUND - MobiKwik | 2.5M |
Julia Huang | - | FUNDING ROUND - Julia Huang | 25.0M |
MobiKwik | - | FUNDING ROUND - MobiKwik | 25.0M |
American Express Ventures | - | FUNDING ROUND - American Express Ventures | 25.0M |
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