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Mobikwik

Payment Gateway

Present certified users More than 100 million
Merchants on MobiKwik More than 3.45 million

Key Highlights

Industry Payment Gateway
Founder Bipin Preet Singh
Founded 2009
Key People Chandan Joshi
Headquarter Gurgaon, Haryana
Financial
MobiKwik is a fast-growing scaled fintech that turned profitable in 2021 (i.e. Q3 and Q4 of FY22), setting itself apart from all its peers. It ended the financial year 2021-22 with INR 5.4 bn in revenue, recording an 80% YoY growth.
 

About Mobikwik

MobiKwik is India's largest independent mobile payments network connecting 107 million users with more than 3 million direct merchants. It enables users to discover retailers (brick-and-mortar stores, e-com websites, m-com apps, billers, telcos) and then start paying them with 1-tap.


MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Shuttl, Big Bazaar, OYO Rooms, Zomato, Barista, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino's, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, GoDaddy, MakeMyTrip, Cleartrip, and Yatra. The company has raised close to $30 million in funding till now from Sequoia Capital, American Express, Tree Line Asia, and Cisco Investments.


With MobiKwik, users load money into the wallet once using cash, loyalty points, debit card, credit card, and net banking to make secure 1-tap payments for online or offline purchases. Most MobiKwik users make 10-12 purchases every month using their wallet balance across diverse nations.

Sources

https://www.mobikwik.com/

Mission

MobiKwik's mission is to build a world-class digital banking platform for Bharat. What began as a digital payment wallet in 2009 has now expanded its suite of financial products for consumers and merchants to include digital credit and investments.

Vision

CEO Bipin Preet Singh shares his vision of the company quite enthusiastically by going to great lengths in explaining ‘MobiKwik's DNA culture’ which is self-driven professionals, with a passion for growth and a bias for action, combining speed and collaboration while developing a process-driven culture.

Culture and Values

The company values integrity, transparency, and accountability, ensuring that ethical practices are upheld in all aspects of its operations. MobiKwik nurtures a diverse and inclusive work environment, promoting equal opportunities and celebrating individuality. Collaboration and teamwork are highly valued, encouraging employees to share ideas, contribute their expertise, and learn from each other.

Customer satisfaction lies at the core of MobiKwik's values, with a focus on providing seamless and secure financial services. The company places a premium on user experience, constantly striving to exceed customer expectations through user-friendly interfaces, prompt customer support, and personalized solutions.