Fintech firm One MobiKwik Systems has received approval from the Reserve Bank of India (RBI) for its NBFC licence, marking a key milestone in its transition toward becoming a full-stack financial services platform.
The licence will enable the company to launch its in-house lending business through its wholly owned subsidiary MobiKwik Financial Services Private Limited (MFSPL). However, operations will begin only after receiving the Certificate of Registration (CoR) and meeting regulatory conditions.
With this move, MobiKwik will be able to originate and underwrite loans directly, reducing its dependence on third-party lending partners. This is expected to improve profit margins, accelerate product launches, and provide better control over credit underwriting and risk management.
The company plans to offer a mix of secured and unsecured credit products for consumers and MSMEs, with a focus on underserved Tier II and Tier III markets.
MobiKwik aims to leverage its technology stack, AI/ML capabilities, and user base of over 186 million to deliver more personalised financial solutions.
With this approval, MobiKwik joins other fintech players such as IndiaGold, Flipkart, Lendingkart, KrazyBee, and Capital Float that operate as regulated NBFCs.
Following the announcement, MobiKwik’s shares surged over 15% to a 52-week high of ₹241, taking its market capitalisation to around $200 million.
The development reflects a broader trend of fintech firms moving toward regulated lending models to gain greater control over their credit businesses and improve long-term sustainability.
Build smarter. Learn faster. Grow stronger with StartupByDoc.