MobiKwik's subsidiary gets RBI registration to begin NBFC operations

Picture: Inc42 · see the original ↗

MobiKwik's wholly owned subsidiary, MobiKwik Financial Services Pvt Ltd, received an RBI Certificate of Registration on November 5 to operate as an NBFC. It plans to begin lending in the next three to six months through an asset-light co-lending model. MobiKwik targets ₹5,000 Cr in disbursals over three to four years and expects to route around 10% of its digital lending disbursals through the NBFC initially.

Source: Inc42 ↗

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