Seen by many as the largest buy now pay later FinTech in India, Mobikwik services a market which has been sadly neglected over the years. There are numerous factors to consider, the huge population of India, relatively quick adoption of digital payment services and credit card penetration, still only 3.5%. Since inception back in 2009, the company has accumulated 108 million registered users, 3.45 million e-commerce and physical retail partners and the company’s scope is growing. While the Mobikwik buy now pay later app was only launched in May 2019, the company has a very strong reputation in India and is making use of the latest cutting-edge technology. While some BNPL app companies will be looking to extend their overseas reach, Mobikwik has more than enough going on in its main market!
Company name: Mobikwik
Website: https://www.mobikwik.com/
Target market: Merchants
Founded: 2009
Founders: Bipin Singh, Chandan Joshi, Upasana Taku
Funds raised: $181m
Location: Gurgaon, Haryana, India
Type of company: Private
Status: Active
Contact email: ir@mobikwik.com
