India, April 27 -- Fintech company MobiKwik has secured a NBFC licence from the Reserve Bank of India (RBI), over one year after incorporating a wholly owned subsidiary, MobiKwik Financial Services Private Limited, to foray into the segment. 

In a statement, MobiKwik said that the licence will allow it to launch a new lending division that will enhance its lending capabilities, credit products' stack and serve a broader base of consumers and merchants. 

The NBFC's operations will commence upon receipt of Certificate of Registration (COR) from RBI on the fulfilment of certain conditions. 

The group's in-house NBFC will enable launch of new credit products with faster go-to-market (GTM) offering both secured and unsecured ...