Overview

MobiKwik is the largest digital credit player and the second-largest mobile wallet in India. The company has expanded its financial products for consumers and merchants from payments to digital credit and investments. The company was founded in 2009 and is headquartered in Gurugram, India. With credit card penetration in India at an abysmal 3.5%, it launched digital credit in 2018 intending to address the credit needs of a large and growing base of digitally savvy users. With 30 million credit pre-approved users, MobiKwik is focused on providing this unserved Indian population their first experience of credit. MobiKwik today has 127 million registered users who can make payments for all their daily life needs, including utility bills, eCommerce shopping, food delivery, and shopping at large retail chains, mom & pop (Kirana) stores across a 3.7 million strong merchant network.