Our Company was incorporated in New Delhi under the name `ONE MOBIKWIK SYSTEMS PRIVATE LIMITED' on March 20, 2008 as a private limited company, under the Companies Act, 1956 and was granted a certificate of incorporation by the RoC. Thereafter, our Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our Shareholders held on June 23, 2021 and the name of our Company was changed to `ONE MOBIKWIK SYSTEMS LIMITED', and a fresh certificate of incorporation dated June 25, 2021 was issued to our Company by the RoC.
Major Events and Milestones: 2008 Our company was incorporated in March 2008 by Bipin Preet Singh, who served as a signatory to the Memorandum of Association (MoA).
2009 Started payment wallet operations in 2009
2010 Upasana Rupkrishan Taku joined the Company as a co-founder in February 2010 Set up a digital wallet to enable users to make online bill payments Incorporation of Zaak ePayment Services Private Limited for payment gateway business
2011 Seed investment led by Peak XV Partners Investment Holdings III (formerly known as Sequoia Capital India Investment Holdings III) into Zaak ePayment in November 2011
2012 MobiKwik mobile application introduced on Google Play Store
2013 Received Certificate of Authorisation to set up and operate payment system for semi-closed prepaid payments instrument services from the Reserve Bank of India Introduced MobiKwik mobile application on Apple App store MobiKwik was an India level finalist and won the 2nd place at the international level Vodafone appStar contest
2014 Raised ? 152.70 million in Series A funding from PXVIHIII and PXVPIIV Integrated the MobiKwik wallet as a payment option on e-commerce websites
2015 Restructuring of Zaak ePayment as a wholly owned subsidiary of the Company Raised Series B funding of ? 1,128.13 million from PXVPIIV , Tree Line and Amex Launched MobiKwik wallet as a payment option for organized retail
2016 Raised Series C funding from PXVPIIV , Tree Line, Net1, among others. Launched MobiKwik wallet as a payment option for un-organized retail stores
2017 Opened 6 new offices pan India Raised Series D funding of ? 2,250 million
2018 Forayed into digital credit Acquired "ClearFunds" (Harvest Fintech), an online wealth management platform
2019 Launched MobiKwik ZIP Received authorisation from the RBI to operate as a Bharat Bill Payment Operating Unit
2020 Received license to act as a composite corporate agent from the IRDAI Elevated Chandan Joshi as a co-founder & CEO-Payments
2021 Application made by Zaak ePayment for authorization to set up a payment system Raised Series G funding of ? 1,490 million from ADIA
2022 Launched MobiKwik Xtra
2023 For consumers Became first fintech to launch Credit Card on UPI Introduced new feature for customers to track provident funds Launched MobiKwik Lens Launched brand EMI with Vivo stores Launched "Pocket UPI"
For retail Merchants Launched MobiKwik sound box and EDC machines Launched merchant loan feature (MCA) for small Merchants
For e-commerce Merchants Received In-Principle authorisation from RBI for Zaak Epayment Services Private Limited to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007
2024 Launched a new feature on its platform "Pocket UPI" Launched a Fixed Deposit platform MobiKwik co-branded a credit card Launched LENS.ai, an AI based Chatbot
2025 -One MobiKwik Systems Limited has becomes the first fintech to do a full launch of CBDC (e₹) with RBI. -"SmarterWayToUPI" - MobiKwik Launches Pocket UPI Campaign Featuring Jaideep Ahlawat -MobiKwik launched thef Forex payments on its mobile app in partnership with NPCI Bharat BillPay Limited (NBBL)
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