One Mobikwik Systems Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Small Cap

The collaboration is aimed at expanding access to instant personal loans for consumers and MSMEs across India via MobiKwik?s ZIP EMI platform.

As part of the partnership, users of the MobiKwik app will be able to avail personal loans ranging from Rs 50,000 to Rs 15 lakh, with flexible repayment tenures between 6 to 36 months. The loans are designed to serve a variety of financial needs, including education, medical expenses, travel, and other personal consumption requirements.

The loan offers minimal documentation requirements and a rapid approval process, the loan is available at any time of the day, further enhancing the convenience and speed that have been hallmarks of MobiKwik's services. This initiative marks a significant step towards adopting a distribution model and expanding services to a wider audience.

Through this partnership, MobiKwik will offer loans via its app to borrowers across diverse income segments in Tier 2, Tier 3 cities and beyond. Poonawalla Fincorp will serve as the lender, while MobiKwik will act as the facilitator of the loan product, leveraging its tech platform to connect borrowers with much-needed credit.

Ankur Jaipuria, CEO of lending business MobiKwik, said, ?Our partnership with Poonawalla Fincorp represents a pivotal step in democratizing credit access for millions across India. We're committed to providing financial services that reach people across all strata and demography.?

Vikas Pandey, chief business officer for consumer finance and head digital marketing, said, ?We are delighted to partner with MobiKwik to expand our reach and provide accessible credit solutions to a wider audience through our risk-first approach. This collaboration aligns perfectly with our mission to provide individuals across India with seamless and convenient financial services. By integrating our loan origination and servicing process with MobiKwik?s extensive digital platform. This partnership enables us to leverage MobiKwik?s deep penetration in Tier 2, Tier 3 cities and beyond. This strategic alignment further strengthens our commitment to responsible lending and fostering economic growth across India.?

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

Poonawalla Fincorp is a non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). It offers pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, and shopkeeper loans.

Shares of Poonawalla Fincorp rose 0.90% to Rs 388.50 on the BSE.

Powered by Capital Market - Live News

According to the company, the primary objective of MSBPL is to engage in the business of dealing in shares, stocks, securities, debt instruments, commodities, currencies, and their derivatives. The subsidiary will also act as a stock and commodity broker by acquiring membership with various stock and commodity exchanges, both in India and internationally.

The initial paid-up share capital for MSBPL is Rs 1 lakh. The company plans to infuse an additional Rs 2 crore in one or more tranches to support the subsidiary's growth.

The parent company, One Mobikwik Systems, will hold a 100% stake in the newly incorporated entity. The Ministry of Corporate Affairs, Central Processing Centre granted approval for the incorporation of Mobikwik Securities Broking on 03 March 2025.

MSBPL, a wholly owned subsidiary, will fall within the purview of related party transactions.

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip dropped 4.14% to settle at Rs 304.50 on the BSE.

Powered by Capital Market - Live News

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions. Its revenue was Rs 30.76 lakh for year ended 31st March 2024.

The said transaction is expected to be completed by 28 February 2025. Upon completion, MobiKwik’s total equity stake in Blostem is expected to be 6.79% on a fully diluted basis.

On 13 March 2024, the company entered into a share subscription and shareholders' agreement with Blostem. Under this agreement, the firm committed to invest Rs 3,00,11,890 in two tranches. The first tranche, amounting to Rs 1,50,20,250, was paid in March 2024 for a 3.40% equity stake in Blostem's fully diluted paid-up capital.

One MobiKwik Systems (MobiKwik) is India’s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip slipped 2.99% to Rs 313.40 on the BSE.

Powered by Capital Market - Live News

According to the company, the primary objective of MSBPL is to engage in the business of dealing in shares, stocks, securities, debt instruments, commodities, currencies, and their derivatives. The subsidiary will also act as a stock and commodity broker by acquiring membership with various stock and commodity exchanges, both in India and internationally.

The initial paid-up share capital for MSBPL is Rs 1 lakh. The company plans to infuse an additional Rs 2 crore in one or more tranches to support the subsidiary's growth.

The parent company, One Mobikwik Systems, will hold a 100% stake in the newly incorporated entity. The Ministry of Corporate Affairs, Central Processing Centre granted approval for the incorporation of Mobikwik Securities Broking on 03 March 2025.

MSBPL, a wholly owned subsidiary, will fall within the purview of related party transactions.

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip dropped 4.14% to settle at Rs 304.50 on the BSE.

Powered by Capital Market - Live News

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions. Its revenue was Rs 30.76 lakh for year ended 31st March 2024.

The said transaction is expected to be completed by 28 February 2025. Upon completion, MobiKwik’s total equity stake in Blostem is expected to be 6.79% on a fully diluted basis.

On 13 March 2024, the company entered into a share subscription and shareholders' agreement with Blostem. Under this agreement, the firm committed to invest Rs 3,00,11,890 in two tranches. The first tranche, amounting to Rs 1,50,20,250, was paid in March 2024 for a 3.40% equity stake in Blostem's fully diluted paid-up capital.

One MobiKwik Systems (MobiKwik) is India’s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip slipped 2.99% to Rs 313.40 on the BSE.

Powered by Capital Market - Live News

One MobiKwik Systems is acquiring 3.39% of the share capital (on fully diluted basis) of Blostem Fintech.

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions.

Blostem's Plug-and-Play technology stack empowers B2C platforms across diverse sectors to efficiently distribute banking products. By leveraging its cutting-edge infrastructure, Blostem enables financial institutions, B2C platforms, and Super Apps to offer scalable and seamless financial products to end customers.

The Company reported revenue for year ended March 2024 was Rs 30.76 lakh. The company has operations across India.

Powered by Capital Market - Live News

The collaboration is aimed at expanding access to instant personal loans for consumers and MSMEs across India via MobiKwik?s ZIP EMI platform.

As part of the partnership, users of the MobiKwik app will be able to avail personal loans ranging from Rs 50,000 to Rs 15 lakh, with flexible repayment tenures between 6 to 36 months. The loans are designed to serve a variety of financial needs, including education, medical expenses, travel, and other personal consumption requirements.

The loan offers minimal documentation requirements and a rapid approval process, the loan is available at any time of the day, further enhancing the convenience and speed that have been hallmarks of MobiKwik's services. This initiative marks a significant step towards adopting a distribution model and expanding services to a wider audience.

Through this partnership, MobiKwik will offer loans via its app to borrowers across diverse income segments in Tier 2, Tier 3 cities and beyond. Poonawalla Fincorp will serve as the lender, while MobiKwik will act as the facilitator of the loan product, leveraging its tech platform to connect borrowers with much-needed credit.

Ankur Jaipuria, CEO of lending business MobiKwik, said, ?Our partnership with Poonawalla Fincorp represents a pivotal step in democratizing credit access for millions across India. We're committed to providing financial services that reach people across all strata and demography.?

Vikas Pandey, chief business officer for consumer finance and head digital marketing, said, ?We are delighted to partner with MobiKwik to expand our reach and provide accessible credit solutions to a wider audience through our risk-first approach. This collaboration aligns perfectly with our mission to provide individuals across India with seamless and convenient financial services. By integrating our loan origination and servicing process with MobiKwik?s extensive digital platform. This partnership enables us to leverage MobiKwik?s deep penetration in Tier 2, Tier 3 cities and beyond. This strategic alignment further strengthens our commitment to responsible lending and fostering economic growth across India.?

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

Poonawalla Fincorp is a non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). It offers pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, and shopkeeper loans.

Shares of Poonawalla Fincorp rose 0.90% to Rs 388.50 on the BSE.

Powered by Capital Market - Live News

According to the company, the primary objective of MSBPL is to engage in the business of dealing in shares, stocks, securities, debt instruments, commodities, currencies, and their derivatives. The subsidiary will also act as a stock and commodity broker by acquiring membership with various stock and commodity exchanges, both in India and internationally.

The initial paid-up share capital for MSBPL is Rs 1 lakh. The company plans to infuse an additional Rs 2 crore in one or more tranches to support the subsidiary's growth.

The parent company, One Mobikwik Systems, will hold a 100% stake in the newly incorporated entity. The Ministry of Corporate Affairs, Central Processing Centre granted approval for the incorporation of Mobikwik Securities Broking on 03 March 2025.

MSBPL, a wholly owned subsidiary, will fall within the purview of related party transactions.

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip dropped 4.14% to settle at Rs 304.50 on the BSE.

Powered by Capital Market - Live News

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions. Its revenue was Rs 30.76 lakh for year ended 31st March 2024.

The said transaction is expected to be completed by 28 February 2025. Upon completion, MobiKwik’s total equity stake in Blostem is expected to be 6.79% on a fully diluted basis.

On 13 March 2024, the company entered into a share subscription and shareholders' agreement with Blostem. Under this agreement, the firm committed to invest Rs 3,00,11,890 in two tranches. The first tranche, amounting to Rs 1,50,20,250, was paid in March 2024 for a 3.40% equity stake in Blostem's fully diluted paid-up capital.

One MobiKwik Systems (MobiKwik) is India’s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip slipped 2.99% to Rs 313.40 on the BSE.

Powered by Capital Market - Live News

According to the company, the primary objective of MSBPL is to engage in the business of dealing in shares, stocks, securities, debt instruments, commodities, currencies, and their derivatives. The subsidiary will also act as a stock and commodity broker by acquiring membership with various stock and commodity exchanges, both in India and internationally.

The initial paid-up share capital for MSBPL is Rs 1 lakh. The company plans to infuse an additional Rs 2 crore in one or more tranches to support the subsidiary's growth.

The parent company, One Mobikwik Systems, will hold a 100% stake in the newly incorporated entity. The Ministry of Corporate Affairs, Central Processing Centre granted approval for the incorporation of Mobikwik Securities Broking on 03 March 2025.

MSBPL, a wholly owned subsidiary, will fall within the purview of related party transactions.

One MobiKwik Systems (MobiKwik) is India?s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip dropped 4.14% to settle at Rs 304.50 on the BSE.

Powered by Capital Market - Live News

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions. Its revenue was Rs 30.76 lakh for year ended 31st March 2024.

The said transaction is expected to be completed by 28 February 2025. Upon completion, MobiKwik’s total equity stake in Blostem is expected to be 6.79% on a fully diluted basis.

On 13 March 2024, the company entered into a share subscription and shareholders' agreement with Blostem. Under this agreement, the firm committed to invest Rs 3,00,11,890 in two tranches. The first tranche, amounting to Rs 1,50,20,250, was paid in March 2024 for a 3.40% equity stake in Blostem's fully diluted paid-up capital.

One MobiKwik Systems (MobiKwik) is India’s largest digital wallet that offers a wide range of payments.

The company reported consolidated net loss of Rs 55.28 crore in Q3 FY25 as compared with net profit of Rs 5.27 crore posted in Q3 FY24. However, revenue from operations jumped 17.7% YoY to Rs 269.48 crore in the quarter ended 31 December 2024.

The scrip slipped 2.99% to Rs 313.40 on the BSE.

Powered by Capital Market - Live News

One MobiKwik Systems is acquiring 3.39% of the share capital (on fully diluted basis) of Blostem Fintech.

Blostem is a B2B banking infrastructure platform, founded in 2021, specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions.

Blostem's Plug-and-Play technology stack empowers B2C platforms across diverse sectors to efficiently distribute banking products. By leveraging its cutting-edge infrastructure, Blostem enables financial institutions, B2C platforms, and Super Apps to offer scalable and seamless financial products to end customers.

The Company reported revenue for year ended March 2024 was Rs 30.76 lakh. The company has operations across India.

Powered by Capital Market - Live News