MobiKwik wins RBI NBFC licence; Taku targets 10x merchant scale by FY28
MobiKwik has secured an RBI NBFC licence, unlocking direct lending alongside its payments rails. Co-founder Upasana Taku is plotting a 10x merchant expansion by FY28, deeper Tier-2/3 penetration, omnichannel payments and data-driven underwriting to drive sustainable profitability.
What happened
Mobikwik · MobiKwik secured an RBI NBFC licence, enabling direct lending alongside its payments business. Co-founder Upasana Taku outlines plans to scale
Key facts
- 10x by FY28
Why this matters
MobiKwik's NBFC licence and Tier-2/3 merchant push opens partnership and acquisition windows in regional acquiring, BNPL, and SME data underwriting before incumbents lock down the same corridors.