One Mobikwik Systems Ltd

Past performance
Performance overview
About One Mobikwik Systems Ltd One Mobikwik Systems Limited is a leading fintech company in India, best known for its mobile wallet (MobiKwik Wallet) and Buy Now Pay Later (BNPL) offerings. Originally established as a private limited company in New Delhi in 2008, it transitioned to a public limited company in June 2021. MobiKwik focuses on bridging the unmet credit needs of India’s growing online transactor population by combining convenient mobile payments with BNPL benefits. Leveraging a technology-first approach, the company provides a comprehensive payments and financial services platform. MobiKwik commenced operations in 2009 with its wallet, initially designed for utility bill payments. Over the years, its ecosystem has expanded to support e-commerce, food delivery, fuel stations, retail chains, pharmacies, and peer-to-peer transfers via UPI and bank payments. It also caters to both online merchants and physical retail stores through its payment gateway, Zaakpay, and QR code-based solutions. The company has continuously innovated, launching its MobiKwik mobile app in 2012, MobiKwik Zip (BNPL) in 2019, and enhanced features like ‘Pocket UPI’ and AI-driven business chatbot LENS in 2024. To diversify its offerings, MobiKwik ventured into wealthtech with the acquisition of Clearfunds in 2018, followed by the introduction of products like MobiKwik Xtra in 2022. Collaborations with retail brands, such as Vivo’s ‘EMI’ financing solution, further highlight its focus on middle-class consumers. The company also successfully completed an Initial Public Offering (IPO) in December 2024, raising ₹572 crore. MobiKwik's strength lies in its multifaceted ecosystem, serving both consumers and merchants across organized and unorganized sectors while addressing everyday payment and credit needs. Its innovation-driven strategy and broad merchant network position it as a key player in India's rapidly evolving digital financial ecosystem.
Website mobikwik.com/ir
Founded 2008
Headquarters Gurgaon