MobiKwik's NBFC Arm Set to Launch Operations in 2026 Following RBI Approval
MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku
Business Standard
Image: Business Standard
MobiKwik, a fintech firm based in India, has received approval from the Reserve Bank of India (RBI) to establish its non-banking financial company (NBFC) arm, MobiKwik Financial Services Private Limited. The new lending arm is expected to commence operations in 2026, enhancing MobiKwik's credit offerings and co-lending opportunities.
- 01MobiKwik has received RBI approval for its NBFC license.
- 02The new lending arm will be called MobiKwik Financial Services Private Limited.
- 03Operations are set to launch in 2026.
- 04This move aims to enhance MobiKwik's fintech capabilities.
- 05The company plans to explore co-lending opportunities.
Advertisement
In-Article Ad
MobiKwik, an Indian fintech company, announced that it has secured approval from the Reserve Bank of India (RBI) for its non-banking financial company (NBFC) license. This approval allows MobiKwik to establish MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary focused on lending. The company plans to launch operations in 2026, which is expected to significantly bolster its fintech stack and expand its credit offerings. Additionally, MobiKwik aims to tap into co-lending opportunities, enhancing its presence in the financial services sector. This strategic move reflects MobiKwik's commitment to diversifying its services and catering to the growing demand for credit in the digital finance landscape.
Advertisement
In-Article Ad
The launch of MobiKwik's NBFC arm will provide more credit options for consumers, potentially making loans more accessible.
Advertisement
In-Article Ad
Reader Poll
Do you think MobiKwik's entry into lending will improve access to credit in India?
Connecting to poll...
Read the original article
Visit the source for the complete story.