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MobiKwik
Financial technology company that provides a mobile phone-based payment system and digital wallet payments
Founded
2009
Headquarters
Gurugram (India)
Status
Public
Company Details
MobiKwik is an Indian financial technology company, founded in 2009 that provides a mobile phone-based payment system and digital wallet. In 2013 the Reserve Bank of India authorized the company's use of the MobiKwik wallet, and in May 2016 the company began providing small loans to consumers as part of its service.
Products and Services
Digital Wallet: Enables users to make payments for utility bills, e-commerce purchases, and shopping at retail chains.
Digital Credit: Offers buy-now-pay-later (BNPL) services and line of credit options.
Investments: Allows users to invest in mutual funds.
Insurance: Provides life, accident, and fire insurance options.
Peer-to-Peer Lending: Operates the Xtra platform for lending services.
Mission
MobiKwik's mission is to build a world-class payments and credit product for Bharat (India), focusing on providing financial inclusion and digital credit solutions to underserved Indians. The company aims to leverage technology, big data analytics, and machine learning to enhance user and merchant experiences.
Impact
MobiKwik's vision influences its strategic direction by guiding product development, expansion strategies, and customer-centric initiatives. The company aims to make a positive impact on society by promoting financial inclusion and contributing to economic development through accessible financial tools.
Key Metrics
Total Equity Funding
$284Million
No. of Funding Rounds
24
Latest Funding Round
$551.0K, Series H
as of January 16, 2023
Post Money Valuation
$844Million
as of January 16, 2023
Funding Multiple
6.88
as of April 8, 2015
Investors
N/A
Employee Count
1315
Similar Companies
Pine Labs
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 16, 2023 | Series H | $551.0K | $844.0Million | $70.4Million | - | BlackSoil |
| December 29, 2021 | Series H | $14.0Million | $923.0Million | $64.9Million | - | Brand Capital ,Bennett, Coleman, BlackSoil |
| June 2, 2021 | Series G | $22.5Million | $749.0Million | $48.8Million | - | DMI Sparkle Fund ,ADIA |
| April 14, 2021 | Series F | $5.0Million | $620.0Million | $43.4Million | - | Khattar Holdings, Sundar Ram Enterprise , Dosch Pharmaceuticals, Leposhe Trading Enterprise, |
| March 23, 2021 | Series F | $12.1Million | $500.0Million | $40.7Million | - | Orios Venture Partners, Infinity Alternatives, Sundar Ram Enterprise , Dosch Pharmaceuticals, THE ARYANA TRUST, Khattar Group Companies, Leposhe Trading Enterprise, Ankur Healthcare, Vardhman, Negen Capital PMS |
| December 7, 2020 | Series E | $7.0Million | - | $43.6Million | - | Pratithi Investments ,Hindustan Media Ventures |
| November 6, 2020 | Series E | $5.6Million | - | $44.5Million | - | Hindustan Media Ventures |
Recent News
No recent news available.