MobiKwik's subsidiary gets SEBI approval to act as a stock broker

Gurugram-based MobiKwik today announced that its subsidiary Mobikwik Securities Broking Private Limited (MSBPL) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a stockbroker. 

The certificate of registration was issued by SEBI on July 01, 2025, enabling MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades.

MobiKwik, the parent company, operates a consumer payments business with an extensive network of more than 176.4 million users and 4.6 million merchants. Its credit distribution business is expanding rapidly, while its wealth distribution vertical is gaining traction through a diverse product portfolio that includes fixed deposits (FDs), mutual funds (MFs), systematic investment plans (SIPs), digital gold, and Lens.Ai.

The company’s latest license from the SEBI strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and expand its offerings across the capital markets ecosystem.

"The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat,” said Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik.

This marks the second certificate obtained by MobiKwik Group during the current quarter. Earlier in April, Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator.