India, May 26 -- Days after FIRs were filed against fintech firms MobiKwik and Lendbox for allegedly blocking customer withdrawals on P2P lending platform MobiKwik Xtra, the listed fintech startup has now issued a clarification on the matter.

In a statement, MobiKwik said that it merely acted as a distribution partner for the P2P lending product offered by Lendbox. The listed company also claimed that customers were informed about the RBI-mandated modifications (in August 2025) in the P2P lending product, adding that users were "aware" of the risks associated with the product.

Citing Lendbox data, the Bipin Preet Singh-led company further claimed that "more than 90% in aggregate has been repaid" by borrowers to the respective lenders. ...