One Mobikwik Systems Ltd. Company History and Annual Growth Details

Our Company was incorporated in New Delhi under the name ‘ONE MOBIKWIK SYSTEMS PRIVATE LIMITED’ on March 20, 2008 as a private limited company, under the Companies Act, 1956 and was granted a certificate of incorporation by the RoC. Thereafter, our Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our Shareholders held on June 23, 2021 and the name of our Company was changed to ‘ONE MOBIKWIK SYSTEMS LIMITED’, and a fresh certificate of incorporation dated June 25, 2021 was issued to our Company by the RoC. 

Major Events and Milestones:

2008

• Our company was incorporated in March 2008 by Bipin Preet Singh, who served as a signatory to the Memorandum of Association (MoA).

2009

• Started payment wallet operations in 2009

2010

• Upasana Rupkrishan Taku joined the Company as a co-founder in February 2010

• Set up a digital wallet to enable users to make online bill payments

• Incorporation of Zaak ePayment Services Private Limited for payment gateway business

2011

• Seed investment led by Peak XV Partners Investment Holdings III (formerly known as Sequoia Capital India Investment Holdings III) into Zaak ePayment in November 2011

2012

• MobiKwik mobile application introduced on Google Play Store

2013

• Received Certificate of Authorisation to set up and operate payment system for semi-closed prepaid payments instrument services from the Reserve Bank of India

• Introduced MobiKwik mobile application on Apple App store

• MobiKwik was an India level finalist and won the 2nd place at the international level Vodafone appStar contest

2014

• Raised ? 152.70 million in Series A funding from PXVIHIII and PXVPIIV

• Integrated the MobiKwik wallet as a payment option on e-commerce websites

2015

• Restructuring of Zaak ePayment as a wholly owned subsidiary of the Company

• Raised Series B funding of ? 1,128.13 million from PXVPIIV , Tree Line and Amex

• Launched MobiKwik wallet as a payment option for organized retail

2016

• Raised Series C funding from PXVPIIV , Tree Line, Net1, among others.

• Launched MobiKwik wallet as a payment option for un-organized retail stores

2017

• Opened 6 new offices pan India

• Raised Series D funding of ? 2,250 million

2018

• Forayed into digital credit

• Acquired “ClearFunds” (Harvest Fintech), an online wealth management platform

2019

• Launched MobiKwik ZIP

• Received authorisation from the RBI to operate as a Bharat Bill Payment Operating Unit

2020

• Received license to act as a composite corporate agent from the IRDAI

• Elevated Chandan Joshi as a co-founder & CEO-Payments

2021

• Application made by Zaak ePayment for authorization to set up a payment system

• Raised Series G funding of ? 1,490 million from ADIA

2022

• Launched MobiKwik Xtra

2023

For consumers

• Became first fintech to launch Credit Card on UPI

• Introduced new feature for customers to track provident funds

• Launched MobiKwik Lens

• Launched brand EMI with Vivo stores

• Launched “Pocket UPI”

For retail Merchants

• Launched MobiKwik sound box and EDC machines

• Launched merchant loan feature (MCA) for small Merchants

For e-commerce Merchants

• Received In-Principle authorisation from RBI for Zaak Epayment Services Private Limited to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007

2024

• Launched a new feature on its platform “Pocket UPI”

• Launched a Fixed Deposit platform

• MobiKwik co-branded a credit card

• Launched LENS.ai, an AI based Chatbot

2025

-One MobiKwik Systems Limited has becomes the first fintech to do a full launch of CBDC (e₹) with RBI.

-"SmarterWayToUPI" - MobiKwik Launches Pocket UPI Campaign Featuring Jaideep Ahlawat

-MobiKwik launched thef Forex payments on its mobile app in partnership with NPCI Bharat  BillPay Limited (NBBL)