One MobiKwik Systems Ltd on Wednesday said its wholly owned subsidiary, MobiKwik Securities Broking Pvt Ltd (MSBPL), has received regulatory approval from SEBI to act as a stockbroker and clearing member.The certificate of registration, issued on July 1, allows the company to conduct equity trades, including buying, selling, dealing, clearing, and settlement. The licence marks a strategic move as MobiKwik accelerates its push into the wealth distribution space and strengthens its fintech footprint.
Founded as a digital wallet platform, MobiKwik now serves over 176 million users and 4.6 million merchants. The company’s financial product suite includes mutual funds, FDs, SIPs, digital gold, and Lens.Ai offerings.
Bipin Preet Singh, Co-founder and CEO, said: “The stockbroking licence marks a significant milestone. With rising retail participation in equities, we aim to simplify investing for first-time users and move closer to our full-stack fintech vision.”Also Read: Meesho files draft IPO papers via SEBI’s confidential filing route
Founded as a digital wallet platform, MobiKwik now serves over 176 million users and 4.6 million merchants. The company’s financial product suite includes mutual funds, FDs, SIPs, digital gold, and Lens.Ai offerings.
Bipin Preet Singh, Co-founder and CEO, said: “The stockbroking licence marks a significant milestone. With rising retail participation in equities, we aim to simplify investing for first-time users and move closer to our full-stack fintech vision.”Also Read: Meesho files draft IPO papers via SEBI’s confidential filing route
This is MobiKwik’s second key regulatory approval in the quarter, following Zaakpay’s RBI nod as a payment aggregator in April.
Post-announcement, shares of MobiKwik rose to an intraday high of ₹250.80 before closing at ₹247.80, up 2.53% on the NSE.
