Debasis Mohapatra
Bengaluru, 8 November 2026
One MobiKwik Systems is likely to be on investors’ radar after the company said its wholly owned subsidiary had received final approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC).
According to the fintech firm, its NBFC is likely to commence operations in the next three to six months.
With this licensing approval, MobiKwik can now lend directly to customers. Currently, the platform is acting as an intermediary for disbursing loans to customers by partnering with banks and NBFCs.
MobiKwik’s existing lending business disbursed Rs 1,083 crore through 11 lending partners in the second quarter of FY27, which was an increase of 34% year-on-year basis. The company said that gross profit from financial services increased 2.2 times during the July-September period.
MobiKwik Financial Services Private Limited (MFSPL), the NBFC arm of MobiKwik plans to offer secured and unsecured credit products to consumers and micro, small and medium enterprises (MSMEs).
It aims to disburse loans worth Rs 5,000 crore over the next three to four years, according to the company.
On Friday (November 6, 2026), One MobiKwik Systems shares closed 4.39% up at Rs 229.70.
