
MobiKwik
Founded Year
2009Stage
Debt - IV | AliveTotal Raised
$260.07MLast Raised
$6.7M | 4 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About MobiKwik
MobiKwik provides a mobile, phone-based payment system and digital wallet. Its platform allows users to make instant bill payments or recharges instantly. The company was founded in 2009 and is based in Gurugram, India.
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Research containing MobiKwik
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned MobiKwik in 1 CB Insights research brief, most recently on Mar 25, 2020.
Expert Collections containing MobiKwik
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MobiKwik is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,204 items
Fintech 250
498 items
Payments
2,770 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
3,780 items
Latest MobiKwik News
Jan 27, 2023
Bipin, Preet Singh, Co-Founder & CEO, MobiKwik- India’s Leading Fintech Company ”The Indian government is ahead of the curve when it comes to promoting entrepreneurship and startups but there are some additional measures that could further bolster the growth of the Indian startup ecosystem. For example, there is a need to address the current taxation regime imposed on ESOPs. While Employee Stock Ownership Plans(ESOPs) get treated as a perquisite and are taxable as income under head salaries, they also get counted as capital gains when sold in the market, compelling employees to pay an additional tax in line with their tax slab. Doing away with this dual taxation in the upcoming budget will help startups retain quality talent, thereby going a long way in further boosting the startup ecosystem in India.” Vikas Garg, Co-founder and CEO, Paytail. “The budget for 2023-24 is going to play a pro-active role to pave the way for the growth of fintechs aligned with the growth of MSMEs where digital expansion takes a centre stage. Fintech companies are navigating the country’s path towards financial inclusion, where the robust techstack in combination with the strong distribution network is going to ensure the availability of financial products across the country. As one of the players operating in the fintech environment, we are hoping for tax subsidies, that would support more investment in the fintech sector, thus facilitating creation of innovative technologies for better credit provision. In terms of regulation, a dedicated regulatory body for fintech domain would give a more extensive idea in terms of formulation of credit policies to ensure proper risk management and reduce delinquencies. Also, as India outperforms global growth of digital transactions, investing heavily in the same can prove to be fruitful in terms of providing credit to underserved and untapped business instituitions and individuals.” Sousthav Chakrabarthy, Co-Founder & CEO, Siply “The increasing cost of living, rising inflation and the lingering effect of the global pandemic has impacted the middle class and the lower middle class the hardest and savings have taken a hit. Indians are feeling the pinch and putting lesser and lesser amounts in the piggy bank, and this is a huge cause of concern for the Indian economy. We expect the Budget 2023-24 to address this situation by providing some tax relief to the salaried class, bringing down the cost of goods and essential services to control inflation and increasing the limit under Section 80C. Overall, the upcoming budget should be geared towards creating a savings and an investment-oriented economy. Additionally, while the Indian government has taken several measures to give startups the impetus to grow, further measures are needed. For one, we expect an increase in the angel investor pool at the seed stage and a tax relief on Angel tax which wipes away a significant part of the surplus that startups need for their growth.” Pratekk Aggarwal Managing partner-Growthcap Ventures “Startups by design are different and its time the govt needs to treat them differently then regular businesses. The problems the startup founders are solving for and the risk they take are quite different and expectations from the budget is that govt should support the startups, founders, employees and investors by taking a 360-degree view in developing an ecosystem that supports growth of the community. The top issues for me are mostly related to the simplification of the definition of eligible startups , taxations on the employee ESOPs and Angel tax and lastly the tax treatment of Angel Investors gains if any from investments in startups as these are more risky asset class compared to others.” Vineet Founder & CEO, Castler India has wholeheartedly embraced digital payments, and as we push for a cashless economy, there is a need to promote services that can help build a secure digital transacting ecosystem. One such service that needs attention in the upcoming budget is Digital Escrow which can play a pivotal role in building trust in digital payments for various use cases. I also hope that the upcoming union budget will bring measures to ease the financial burden on startups, like reducing taxes with no GST until Rs 10 crore turnover annually and introducing greater tax breaks for depreciation on fixed assets, reducing angel tax to promote seed stage investments and doing away with dual taxation on ESOPs. Furthermore, the upcoming budget should further incentivise the development of made-in-India software products, and the GST rate of 18% on the same should be reduced to help indigenous software creators flourish in the domestic and international markets
MobiKwik Frequently Asked Questions (FAQ)
When was MobiKwik founded?
MobiKwik was founded in 2009.
Where is MobiKwik's headquarters?
MobiKwik's headquarters is located at Unit No. 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Gurugram.
What is MobiKwik's latest funding round?
MobiKwik's latest funding round is Debt - IV.
How much did MobiKwik raise?
MobiKwik raised a total of $260.07M.
Who are the investors of MobiKwik?
Investors of MobiKwik include BlackSoil Capital, Karnation, The Times Group, Mathew Cyriac, Abu Dhabi Investment Authority and 30 more.
Who are MobiKwik's competitors?
Competitors of MobiKwik include Toss, Zoona, BitGo, Airwallex, Ezetap, Innoviti Payment Solutions, Digit Insurance, Circle, Coins.ph, Paga and 14 more.
Compare MobiKwik to Competitors

Airwallex is a fintech company that allows customers to issue and pay international invoices and bills. It offers domestic and international business accounts, company cards, and expense management. The company was founded in 2015 and is based in Melbourne, Australia.

Coins.ph provides a mobile-first, branchless, blockchain-based platform that offers consumers direct access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines. On April 2nd, 2022, Coins.ph was acquired by Wei Zhou at a valuation between $190M and $200M.

Paga is a Nigerian fintech company building an ecosystem to enable people to digitally send and receive money, and perform simple financial services. The company was founded in 2009 and is based in Lagos, Nigeria.

Ant Group (SGX: 5VJ) is a technology company that offers financial services, serving small and micro enterprises and consumers. It is dedicated to building an open ecosystem of technologies while working with other financial institutions to support the future financial needs of society. The company's products include Alipay, a payment and lifestyle platform, Ant Fortune, a comprehensive wealth management app, and Zhima Credit, an independent, private, alternative credit service. It was founded in 2011 and is based in Hangzhou, China.

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.
MoMo, operated by M_Service, is an e-wallet application on mobile phones and can be replaced for cash in some types of payments such as money transfer, game top-up, mobile top-up, and bill payment anytime, anywhere. The platform is a safe, simple, convenient, and low-cost method of payment. On December 10th, 2021, Mizuho Bank acquired a minority stake in MoMo for $170M.
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