Mobikwik Securities Broking Private Limited (MSBPL), a wholly-owned subsidiary of One MobiKwik Systems Ltd has received approval from the Securities and Exchange Board of India (SEBI) to function as a stock broker and clearing member. The regulatory nod, granted on July 1, 2025, authorizes MSBPL to carry out equity trading activities including buying, selling, dealing, clearing, and settlement of trades.

This development marks a significant step in MobiKwik’s evolution from a digital payments provider to a diversified fintech platform. Currently, the company operates a large-scale consumer payments business, serving over 176.4 million users and 4.6 million merchants. Its rapidly growing credit distribution arm and emerging wealth management vertical—offering products such as Fixed Deposits, Mutual Funds, SIPs, Digital Gold, and Lens.Ai—are expanding its footprint in India’s financial ecosystem.

The SEBI license strengthens MobiKwik’s strategy to deepen its presence in the capital markets and accelerate growth in wealth distribution, further positioning it as a full-spectrum fintech platform.

Expressing enthusiasm about the milestone, Bipin Preet Singh, Co-founder, Managing Director, and CEO of MobiKwik, said, “This stock broking license is a major milestone as we enter the Indian equity markets. With the rising wave of retail investor participation, we see a tremendous opportunity to simplify investing for millions of Indians. This brings us closer to our vision of creating a full-stack fintech platform that fosters digital financial inclusion across Bharat.”

This is MobiKwik Group’s second regulatory approval in the current quarter. In April, its group company Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.