Breaking News: MobiKwik Secures $67 Million in Funding Round to Revolutionize FinTech in India

MobiKwik, India's leading FinTech platform known for its innovative spectrum of digital financial products, has successfully raised a substantial $67 million in its latest funding round. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has emerged as a trusted name in the Indian market, boasting an impressive 135 million registered users who rely on the platform for a myriad of services, including payments, digital credit, and investment options. This new influx of capital will significantly bolster MobiKwik's mission to enhance the accessibility of world-class payment and credit solutions across Bharat. With only 3.5% of the Indian population currently possessing credit cards, MobiKwik's launch of digital credit in 2018 has profoundly transformed the credit landscape. The company's proactive approach has resulted in over 30 million pre-approved credit users, offering tailored financial solutions to underserved segments of the population. Leveraging cutting-edge big data analytics and machine learning, MobiKwik is committed to continuously improving the user experience for both consumers and merchants alike, which has been pivotal in achieving significant milestones, including a remarkable 80% year-on-year revenue growth in FY2022, culminating in INR 5.4 billion. As MobiKwik gears up for its next phase of growth, this funding will empower it to expand its robust merchant network, enhance its technological capabilities, and further democratize access to finance for millions of users across India. For more details on MobiKwik's offerings and vision, please visit [MobiKwik](https://www.mobikwik.com).