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Fintech company MobiKwik has secured a NBFC licence from the Reserve Bank of India (RBI), over one year after incorporating a wholly owned subsidiary, MobiKwik Financial Services Private Limited, to foray into the segment.

In a statement, MobiKwik said that the licence will allow it to launch a new lending division that will enhance its lending capabilities, credit products’ stack and serve a broader base of consumers and merchants.

The NBFC’s operations will commence upon receipt of Certificate of Registration (COR) from RBI on the fulfilment of certain conditions.

The group’s in-house NBFC will enable launch of new credit products with faster go-to-market (GTM) offering both secured and unsecured to consumers and MSMEs in underserved geographies.

“The NBFC application approval is a pivotal step in MobiKwik Group’s evolution into a scaled financial services platform… This gives us the regulatory framework to deepen our credit offerings while maintaining strong governance and risk discipline,” MobiKwik CFO Upasana Taku said.

In October last year, the company’s board approved an investment of ₹10 Cr in its NBFC subsidiary, with the objective to enter leasing and hire purchase-deals for assets.

Until the launch of its independent NBFC platform, MobiKwik partnered with other banks and NBFCs to offer loans and credit cards. While the NBFC’s interest income will add on to MobiKwik’s top line, it will also enhance cross-selling opportunities.

MobiKwik posted a consolidated net profit of ₹4 Cr in Q3 FY26, as against a loss of ₹55.3 Cr in the same quarter last year. Meanwhile, its operating revenue grew 7.2% to ₹288.9 Cr in the quarter under review from ₹269.5 Cr in Q3 FY25. The company is set to disclose its Q4 performance soon.

Shares of MobiKwik were trading 16.17% higher at ₹235.85 apiece on the BSE as of 14:37.

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