---
title: "MobiKwik RBI NBFC Registration, Co-Lending Plan | bharat.digital"
description: "Wholly owned subsidiary MobiKwik Financial Services received a Certificate of Registration on 6 November 2026, after April in-principle approval, and aims..."
url: "https://bharat.digital/originals/mobikwik-rbi-nbfc-registration-co-lending-nov-2026/index.md"
canonical: "https://bharat.digital/originals/mobikwik-rbi-nbfc-registration-co-lending-nov-2026/"
published: "2026-11-06T16:50:00+04:00"
updated: "2026-11-06T16:50:00+04:00"
section: "Originals"
type: "startup"
author: "bharat.digital desk"
image: "https://bharat.digital/img/originals/mobikwik-rbi-nbfc-registration-co-lending-nov-2026-auto-1190e773-og.jpg"
language: "en-IN"
site: "bharat.digital"
---

# MobiKwik gets RBI NBFC registration and plans co-lending within six months

*Wholly owned subsidiary MobiKwik Financial Services received a Certificate of Registration on 6 November 2026, after April in-principle approval, and aims for about Rs 5,000 crore of disbursals over three to four years.*

By bharat.digital desk. Startup, Startups & Fintech. Published 2026-11-06T16:50:00+04:00. 1 min read.

![MobiKwik gets RBI NBFC registration and plans co-lending within six months](https://bharat.digital/img/originals/mobikwik-rbi-nbfc-registration-co-lending-nov-2026-auto-1190e773-hero.webp)

## At a glance

- Company: MobiKwik (One MobiKwik Systems)
- What it does: Listed digital payments and lending platform receiving final RBI NBFC registration for its credit subsidiary
- Based in: Gurugram
- Latest: RBI Certificate of Registration for MobiKwik Financial Services NBFC
- Date: 2026-11-06
- Founders: Bipin Preet Singh, Upasana Taku

On 6 November 2026, One MobiKwik Systems Limited told the exchanges that its wholly owned subsidiary MobiKwik Financial Services Private Limited had received a Certificate of Registration from the Reserve Bank of India to operate as a Non-Banking Financial Company. The CoR follows an in-principle approval granted in April 2026. In the same filing, the company said the NBFC would complement its existing Lending Service Provider model by letting the group originate credit directly while still working with partner lenders.

MobiKwik said MFSPL expects to begin business in the next three to six months with an asset-light co-lending model alongside banks and other NBFCs. The subsidiary plans secured and unsecured products for consumers and MSMEs and has set an internal aim to disburse loans worth about Rs 5,000 crore over the next three to four years. Management framed the licence as a way to design products faster and improve lending economics without dropping the partner network already in place.

The press release tied the move to recent lending traction. In Q2 FY27, disbursals through 11 lending partners grew 34 percent year on year to Rs 1,083 crore, and the company said gross profit from financial services rose 2.2 times year on year. Co-founder, executive director and CFO Upasana Taku pointed to a payments network of about 196 million users and five million merchants as the base the NBFC would serve, while stressing responsible lending and underwriting discipline.

Independent market coverage from ETBFSI, CNBC-TV18 and The Economic Times matched the exchange release on the CoR, the three to six month start window, the co-lending plan and the Rs 5,000 crore disbursal target. Shares were reported higher on the day after the announcement. Direct lending will raise the group's own credit, collections and capital responsibilities even if the first phase stays asset light.

## Sources

1. [NSE exchange filing: MobiKwik press release on RBI NBFC registration (6 Nov 2026)](https://nsearchives.nseindia.com/corporate/MOBIKWIK_06112026144634_Press_Release_06112026.pdf)
2. [ETBFSI: MobiKwik receives RBI approval for NBFC operations](https://bfsi.economictimes.indiatimes.com/articles/mobikwik-secures-rbi-registration-to-start-nbfc-operations-in-3-6-months/135603445)
3. [CNBC-TV18: MobiKwik gets RBI licence to operate as NBFC](https://www.cnbctv18.com/business/finance/mobikwik-rbi-licence-to-operate-as-nbfc-launch-in-3-6-months-20028962.htm)
4. [Economic Times: MobiKwik shares rise as RBI approves NBFC licence](https://economictimes.indiatimes.com/markets/stocks/news/mobikwik-shares-jump-4-as-rbi-approves-nbfc-licence-co-targets-rs-5000-crore-loans/articleshow/135603603.cms)

Written by the bharat.digital desk from the sources above. Figures are as reported by those sources.