In a major development for India’s fintech and capital markets ecosystem, MobiKwik Securities Broking Private Limited (MSBPL), a subsidiary of the Gurugram-based digital payments giant MobiKwik, has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a stockbroker. This approval, granted on July 1, 2025, empowers MSBPL to undertake activities such as buying, selling, dealing, clearing, and settlement of equity trades, marking a significant milestone for the company and the broader retail investor community in India.
SEBI Registration: A Gateway to Equity Markets for MobiKwik
The SEBI certificate of registration officially allows MSBPL to operate as a stockbroker, enabling it to provide end-to-end equity trading services to its customers. This move strategically positions MobiKwik to deepen its footprint in India’s rapidly expanding capital markets, especially targeting the growing retail investor segment.
With over 176.4 million users and 4.6 million merchants already connected through MobiKwik’s consumer payments platform, the company is uniquely placed to leverage its vast digital ecosystem to onboard new investors, particularly first-time retail participants from tier 2 and tier 3 cities.
Expanding MobiKwik’s Wealth Distribution Ecosystem
MobiKwik’s core business has traditionally revolved around digital payments and credit distribution, but the company has been steadily expanding its wealth distribution vertical. This segment offers a diverse suite of financial products including:
Fixed Deposits (FDs)
Mutual Funds (MFs)
Systematic Investment Plans (SIPs)
Digital Gold
Lens.Ai — an AI-driven investment advisory platform
The addition of stockbroking services through MSBPL complements this portfolio, enabling MobiKwik to offer a full-stack fintech experience that covers payments, credit, and investments under one roof.
CEO Bipin Preet Singh’s Vision for Democratizing Investing in Bharat
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, expressed enthusiasm about this new chapter:
“The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.”
This statement highlights MobiKwik’s focus on financial inclusion, aiming to bring millions of new investors from smaller towns and rural areas into the formal capital markets ecosystem.
Strengthening the Fintech Ecosystem with Multiple Regulatory Approvals
The SEBI stockbroking license is the second major regulatory nod MobiKwik Group has received this quarter. Earlier in April 2025, Zaak ePayment Services Private Limited (Zaakpay), another MobiKwik Group company, was granted a Certificate of Authorisation by the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (OPA). This dual regulatory approval underscores MobiKwik’s commitment to building a robust and compliant fintech infrastructure.
What This Means for Indian Retail Investors
Simplified Access to Equity Markets: MobiKwik’s extensive digital user base can now seamlessly access stock trading services without needing multiple platforms.
Integrated Financial Services: Users can manage payments, credit, and investments from a single app, enhancing convenience and user experience.
Focus on First-Time Investors: With AI-powered advisory tools like Lens.Ai, MobiKwik aims to educate and guide new investors, reducing entry barriers.
Financial Inclusion: By targeting Bharat’s untapped markets, MobiKwik supports the government’s vision of increasing retail participation in capital markets.
Conclusion: MobiKwik’s Strategic Leap into Stock Broking
The SEBI approval for Mobikwik Securities Broking Private Limited is a landmark achievement that will accelerate MobiKwik’s journey toward becoming a full-stack fintech powerhouse. By integrating stockbroking into its existing ecosystem, MobiKwik is well-positioned to capitalize on India’s booming retail investment trend and foster greater financial inclusion across the country.
As India’s equity markets continue to attract new investors, MobiKwik’s entry as a stockbroker promises to make investing more accessible, transparent, and user-friendly—especially for the millions in Bharat ready to take their first steps into wealth creation.