MobiKwik ventures into equity trading with SEBI approval
MobiKwik, best known for its digital payments app, just got the green light from SEBI to start stock broking through its new arm, MSBPL.
With this license (granted July 1, 2025), MobiKwik can now help users buy and sell stocks directly—marking its official entry into India's equity markets.
Stocks as easy as bill payments
This move means MobiKwik's 176 million+ users and millions of merchants might soon be able to invest in stocks as easily as they pay bills.
CEO Bipin Preet Singh says the goal is to make equity investing simple and accessible for everyone—especially for users taking their first steps into the markets.
More tools for digital finance
Stock broking is just the latest addition to MobiKwik's growing list of financial services, which already includes things like mutual funds, digital gold, and fixed deposits.
Since going public in December 2024, co-founder Bipin Preet Singh has been pushing to bring more digital finance tools to people who've often been left out by traditional banks.