MobiKwik Targets $522 Million Loan Book by 2031
The Indian fintech firm plans to scale its in-house lending operations after receiving a non-banking financial company license. CEO Bipin Preet Singh expects to begin operations in late 2026 with a focus on expanding merchant lending and consumer credit.
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MobiKwik Systems Ltd plans to build a 50-billion-rupee ($522.5 million) loan book through its in-house lending unit within the next three to five years. The company received central bank approval for its non-banking financial company (NBFC) license in April. This shift allows MobiKwik to hold credit risk on its own balance sheet and reduce reliance on third-party lending partners.
