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Following this institution, MobiKwik intends to enter in the credit score lending area and extend customers to avail credit facility through pocket. Digital payment firm MobiKwik has increased Rs 225 crore from NBFC Bajaj Finance.
Following this arrangement, Bajaj Finance would maintain roughly 10.83 percent of equity from MobiKwik on a fully diluted basis. Post conversion of CCPS MobiKwik will appreciate roughly over Rs. 2000 crore. MobiKwik has increased $80 million until today from investors including Sequoia Capital, American Express, Tree Line Asia, Cisko Investment and Mediatek. MobiKwik has increased $80 million until today from investors including Sequoia Capital, American Express, Tree Line Asia, Cisko Investment and Mediatek.