India, Nov. 6 -- MobiKwik's wholly owned subsidiary, MobiKwik Financial Services Pvt Ltd (MFSPL), has received a Certificate of Registration (CoR) from the RBI to operate as a non-banking financial company (NBFC).

The certificate was issued on November 5, following the RBI's in-principle approval in April 2026. The dedicated NBFC was officially incorporated on March 13, 2025.

With the regulatory clearance in place, MFSPL intends to commence operations over the next three to six months. It intends to operate on an asset-light co-lending model, partnering with banks and other NBFCs.

In a statement, the company said that it plans to complement its existing lending service provider (LSP) business with the ability to originate credit direct...