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Informative

MobiKwik forms wholly-owned NBFC unit to revive lending amid partner pullback

Update / Judgement Date

24 Apr 2025

Source

YourStory

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingFinancial Management

MobiKwik's wholly-owned NBFC (Non-Banking Financial Company) unit is set to revive lending operations. This indicates a renewed focus on providing credit services through its financial arm. The revival of lending could involve offering personal loans, business loans, or other credit products to its user base. This move allows MobiKwik to leverage its existing user data and platform to expand its financial services offerings and potentially increase revenue streams within the digital lending space.