One Mobikwik Systems Limited has informed the Exchange regarding a press release dated April 21, 2025, titled "MobiKwik and Poonawalla Fincorp join hands to offer instant personal loans".
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MobiKwik has partnered with Poonawalla Fincorp, a non-banking financial company (NBFC), to provide instant personal loans to its users. Under this arrangement, MobiKwik will likely distribute loan products through its platform, while Poonawalla Fincorp will be the lending partner. The partnership allows MobiKwik to expand its financial services beyond payments and wallets into the lending space. This move is aimed at leveraging MobiKwik's large existing user base to drive loan origination volumes for Poonawalla Fincorp. The press release was shared with the exchange on April 21, 2025, as an informational disclosure.
This is a positive development for shareholders as it diversifies MobiKwik's revenue stream beyond payments into lending distribution, where the company can earn commissions or fees. It strengthens the company's position as a full-stack fintech platform, though actual financial impact will depend on loan volumes and customer uptake.