1.Company Information
Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.
The company provides a range of payment services, enabling consumers to:
Pay utility bills, such as mobile recharges, electricity, and credit card bills
Make purchases at both online and offline merchants, including retail stores and fuel stations
Transfer money to phone numbers, UPI IDs, or bank accounts
Check bank balances
Scan QR codes and make payments using UPI or Rupay credit cards.
The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers.
As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.
The product range of the company includes the following
Online Checkout for E-commerce Merchants: Enables merchants to accept payments through all major modes, including UPI, wallets, cards, and pay-later options.
Scan and Pay with Kwik QRs: This feature allows retail merchant partners to accept payments via UPI, wallets, cards, and pay-later options using QR codes.
MobiKwik Vibe (Soundbox): A QR-enabled device that announces payment confirmations for merchants, enhancing the customer experience.
MobiKwik EDC Machine: A point-of-sale terminal that allows merchants to accept all in-person payment modes, including credit cards, debit cards, and UPI.
Merchant Cash Advance: A flagship credit product that provides accessible, affordable credit to merchants using the company's payment solutions for their business needs.
2. Objects of the Issue (One Mobikwik Systems Limited IPO Objectives)
The Company proposes to utilise the Net Proceeds towards the following objects:
1. Funding growth in the financial services business.
2. Funding growth in the payment services business
3. Investment in data, ML, AI, product and technology
4. Capital expenditure for the payment devices business
5. General corporate purposes
3. One Mobikwik Systems Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mobikwik.ipo@linkintime.co.in
Website: https://linkintime.co.in