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Engaged Employer
Mobikwik
4.1
based on 436 Reviews
Company Overview
Company Locations
Working at Mobikwik
Company Summary
MobiKwik is India's leading FinTech platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments.
Overall Rating
4.1/5
based on 436 reviews
11% above
industry average
Highly rated for
Job security, Salary, Work-life balance
Work Policy
Work from office
74% employees reported
Monday to Friday
67% employees reported
Flexible timing
75% employees reported
No travel
64% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
15 employees reported
Cafeteria
14 employees reported
Job/Soft skill training
9 employees reported
Office cab/shuttle
4 employees reported
View all benefits
About Mobikwik
Founded in2009 (16 yrs old)
India Employee Count501-1k
Global Employee Count501-1k
India HeadquartersGurgaon,Haryana, India
Office Locations
Websitemobikwik.com
Primary Industry
Other Industries
We are a publicly listed fintech company and the home to India’s largest digital wallet and trusted by over 167 million users and more than 4.4 million merchants. Our platform-based business comprises 2-sided payment networks, bridging payments for users and merchants. We cater to the financial needs of our users via payments, investments, and consumer credit. On the merchant side, we aim to empower their businesses as their primary payment partner by offering a range of financial services such as QR, Soundbox, EDC machine & more.
As a technology-first company, we leverage big data analytics and deep data science to keep on innovating and delivering world-class financial products for Bharat! Founded in 2009 by Bipin Preet Singh and Upasana Taku, we have over 167 million registered users who make day-to-day payments at large retail chains and mom & pop (kirana) stores, across a 4.4 million strong merchant network.
Mobikwik Ratings
based on 436 reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
228
4
60
3
57
2
25
1
66
Category Ratings
4.0
Job security
4.0
Salary
4.0
Work-life balance
3.9
Company culture
3.9
Skill development
3.9
Work satisfaction
3.8
Promotions
Mobikwik is rated 4.1 out of 5 stars on AmbitionBox, based on 436 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Mobikwik
based on 387 reviews
4.2
Rated by 75 Women
Rated 4.2 for Work-life balance and 4.1 for Job security
3.9
Rated by 312 Men
Rated 3.9 for Work-life balance and 3.9 for Salary
Work Policy at Mobikwik
based on 178 reviews in last 6 months
Work from office
74%
Permanent work from home
17%
Hybrid
9%
Mobikwik Reviews
Top mentions in Mobikwik Reviews
+ 5 more
Compare Mobikwik with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.1/5 based on 436 reviews | 3.3/5 based on 7.4k reviews | 4.0/5 based on 336 reviews | 4.0/5 based on 2.3k reviews |
Highly Rated for | Work-life balance Salary Job security | No highly rated category | Work-life balance Job security Company culture | Salary Skill development Work-life balance |
Critically Rated for | No critically rated category | Job security Promotions Company culture | Promotions | No critically rated category |
Primary Work Policy | Work from office 74% employees reported | Work from office 49% employees reported | Hybrid 38% employees reported | Work from office 54% employees reported |
Rating by Women Employees | 4.2 Good rated by 75 women | 3.2 Average rated by 616 women | 3.9 Good rated by 65 women | 3.4 Average rated by 169 women |
Rating by Men Employees | 3.9 Good rated by 312 men | 3.3 Average rated by 6.3k men | 4.0 Good rated by 237 men | 4.0 Good rated by 2k men |
Job security | 4.0 Good | 2.7 Poor | 3.9 Good | 3.8 Good |
View more
Mobikwik Salaries
Mobikwik salaries have received with an average score of 4.0 out of 5 by 436 employees.
Team Lead
(78 salaries)
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₹2.3 L/yr - ₹7 L/yr
Software Developer
(47 salaries)
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₹7.7 L/yr - ₹30.7 L/yr
Software Development Engineer II
(45 salaries)
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₹11 L/yr - ₹31 L/yr
Software Engineer
(42 salaries)
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₹8 L/yr - ₹20.6 L/yr
Software Development Engineer
(34 salaries)
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₹6 L/yr - ₹20 L/yr
Operations Executive
(32 salaries)
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₹2 L/yr - ₹4 L/yr
Devops Engineer
(24 salaries)
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₹10 L/yr - ₹18.3 L/yr
Fraud Analyst
(23 salaries)
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₹3.2 L/yr - ₹4 L/yr
Data Analyst
(23 salaries)
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₹2.7 L/yr - ₹7 L/yr
Associate Director
(20 salaries)
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₹21 L/yr - ₹62 L/yr
Mobikwik Interview Questions
Interview questions by designation
Top Mobikwik interview questions and answers
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Mobikwik Jobs
Popular Designations Mobikwik Hires for
Current Openings
Mobikwik News
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Stock Market Today: All You Need To Know Going Into Trade On Feb. 20
- India's benchmark indices closed flat on Wednesday with IT and pharmaceutical stocks declining, while realty and metal shares advanced.
- The NSE Nifty 50 ended slightly lower at 22,932.9, and the BSE Sensex closed marginally down at 75,939.18 after a range-bound session.
- Foreign portfolio investors turned net sellers, while domestic institutional investors continued as net buyers for the 11th consecutive session.
- Indian rupee weakened against the US dollar, closing at Rs 86.85 per dollar.
- Stocks to watch include Sundaram-Clayton, BCL Industries, Thomas Cook (India), Bharat Forge, Waaree Energies, Mahindra & Mahindra, and others with notable developments.
- In trading tweaks, several companies saw price band changes, dividend declarations, and shifts in Short-Term ASM Framework.
- In F&O cues, Nifty futures showed a slight decrease, open interest changes, and key open interests for options expiry on Feb. 20 were highlighted.
- Insider trading activities were observed in Maharashtra Seamless, NCC, Deepak Nitrite, and Usha Martin.
- Block deals involved transactions in Lloyds Metals & Energy, while bulk deals included actions in BSE, Tourism Finance Corp, One Mobikwik Systems, and Windlas Biotech.
- The article provided insights on stock market movements, significant company updates, trading activities, insider trading, and financial derivatives cues for the day.
Bloomberg Quint | 20 Feb, 2025
MobiKwik Shares Drop 4% To Touch Fresh All-Time Low
- Shares of fintech major MobiKwik fell 3.8% to hit fresh all-time low at INR 314 apiece during the intraday trading session on the BSE today (February 17).
- MobiKwik made its market debut on December 18, with the stock listing at INR 442.25 on the BSE, a 58.5% premium against the IPO issue price of INR 279.
- The company's shares are now trading almost 29% lower in the exchange today and have lost 46% in value since January 1.
- MobiKwik reported a consolidated net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr in the year-ago quarter.
Inc42 | 17 Feb, 2025
MobiKwik Gets Board Nod To Set Up New Units Amid Plans To Foray Into Insurance Distribution
- Fintech company MobiKwik has received board approval to set up new units as part of its plans to expand and enter new verticals in the fintech industry.
- MobiKwik aims to invest in wholly-owned subsidiaries, complying with applicable provisions of the Companies Act and necessary approvals.
- The company plans to focus on expanding its spend analytics platform Lens, entering the insurance aggregator and distribution space, and scaling up its prepaid payment instruments offering.
- Despite reporting an 18% increase in operating revenue, MobiKwik posted a net loss in the previous quarter due to lower financial services revenue and increased lending-related costs.
Inc42 | 8 Feb, 2025
Decoding MobiKwik’s Plans To Get Back Into The Profitability Lane
- Fintech company MobiKwik saw investor attraction for its IPO due to being one of few fintech firms to report a profit for one entire fiscal year. The company’s Q3 results for FY25 showed a net loss of INR55.28 Cr, taking the loss count to INR62.85 Cr. Reasons cited include a decline in its financial services revenue, higher lending-related costs from a transition to new Default Loss Guarantee (DLG) contracts, and lower contribution margins.
- However, MobiKwik reported growth in various areas. Its revenue from operations climbed almost 18% to INR269.47 Cr in Q3 FY25. In the same quarter, MobiKwik added 5 Mn new users and has a userbase crossing the 172 Mn mark. Revenue from the payments business also grew 166% YoY to INR196.5 Cr in Q3 FY25.
- Co-Founder and CFO Upasana Taku and CEO Bipin Preet Singh shared MobiKwik’s plans to resume profitability during an hour-long earnings call. The main takeaways include a focus on expanding MobiKwik’s digital credit products, balancing its lending portfolio with the addition of secure lending products, and offering customised credit cards to capitalise on users’ spends.
- Taku and Singh also revealed that MobiKwik will expand into new fintech sectors, including insurance distribution. The firm has gained the necessary licence for the Insurance Regulatory and Development Authority of India (IRDAI). The team plans to focus on savings and insurance sectors to boost profits in 2025
- MobiKwik is also working to expand its prepaid payment instruments (PPI) offering, Pocket UPI. The company is focusing on developing Pocket UPI to capture a potential merchant discount rate that may open up a profitable revenue stream.
- The telecon mentioned that discussions have finalised around implementing a 1.1% interchange fee on UPI transactions through PPI. This will apply to transactions more than INR 2,000.
- Though MobiKwik experienced losses in the recent quarter, it remains focused on profits while maintaining high governance standards.
- Despite the profitable FY24, the current year's losses stem from a decline in financial services revenue, higher lending-related costs and lower contribution margins. MobiKwik is now focusing on digital credit products and secure lending portfolios, expanding into savings and insurance sectors, and scaling up prepaid payment instruments Pocket UPI.
- MobiKwik’s previous profitability highlights its potential for a profitable future as it moves into new fintech areas.
- Shares of MobiKwik closed at INR403.10 on the BSE after trading.
Inc42 | 5 Feb, 2025
MobiKwik reports Rs 269 crore in revenue Q3FY25; losses stood at Rs 55 crore
- MobiKwik reports revenue of Rs 269 crore and a net loss of Rs 55 crore for Q3FY25.
- Consolidated revenue rose by 17.5% YoY to Rs 269 crore.
- Payments gross merchandise value (GMV) surged by over 200% YoY to Rs 29,400 crore.
- MobiKwik added 110,000 new merchants and 5 million new customers in Q3FY25.
ISN | 4 Feb, 2025
MobiKwik's Q3 losses balloon 15X over previous quarter as lending expenses grow
- MobiKwik's Q3 losses balloon 15X over previous quarter as lending expenses grow.
- MobiKwik reported a net loss of Rs 55.28 crore in Q3 FY25, a significant increase from the previous quarter.
- Revenue from operations declined by 7.28% quarter-on-quarter to Rs 269.47 crore.
- Expenses spiked by 10.55% quarter-on-quarter to Rs 317.14 crore, outpacing revenue growth.
Yourstory | 4 Feb, 2025
MobiKwik Slips Into Red, Posts INR 55 Cr Loss In Q3
- Fintech major MobiKwik reported a consolidated net loss of INR 55.28 Cr in Q3 FY25.
- The company posted an EBITDA loss of INR 42.67 Cr in Q3 FY25.
- Operating revenue increased nearly 18% to INR 269.47 Cr in the December quarter of FY25.
- Shares of MobiKwik were trading 0.60% lower at INR 403.80 apiece on the BSE.
Inc42 | 4 Feb, 2025
MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25
- MobiKwik has reported a revenue of Rs 269 crore in Q3 FY25, showing a 17.5% YoY growth.
- Earnings reduced by 7.6% in Q3 FY25 compared to Q2 FY25.
- Payment business grew 166% in Q3 FY25 to Rs 196.5 crore.
- MobiKwik reported a net loss of Rs 55.2 crore in Q3 FY25.
Entrackr | 4 Feb, 2025
Q3 Results Live: Investors Brace For Asian Paints, Tata Power, MobiKwik, Titan, Thermax Earnings
- Investors brace for Q3 earnings announcements of major companies including Asian Paints, Tata Power, MobiKwik, Titan, and Thermax.
- Key companies to report Q3 earnings: Asian Paints expected to have a revenue of Rs 8,903 crore, Titan with a revenue of Rs 17,476 crore, and Tata Power with a revenue of Rs 16,692 crore.
- Asian Paints estimated to have an EBITDA of Rs 1,628 crore with a margin of 18.3% and a net profit of Rs 1,144 crore.
- Titan Company estimated to have an EBITDA of Rs 1,704 crore with a margin of 9.8% and a net profit of Rs 1,097 crore.
Bloomberg Quint | 4 Feb, 2025
MobiKwik becomes first fintech to do a full launch of CBDC (e₹) with RBI
- Fintech firm MobiKwik has launched a full version of India’s Central Bank Digital Currency (CBDC) – e-rupee (e₹) in partnership with the Reserve Bank of India (RBI) and Yes Bank.
- MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee (e₹) wallet, available to all its Android users.
- The e₹ wallet allows users to send and receive funds to other e₹ wallets as well as regular bank accounts via UPI.
- The e-rupee (e₹) wallet has a daily transaction limit of Rs 50,000 with various currency denominations available.
ISN | 29 Jan, 2025
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Mobikwik FAQs
When was Mobikwik founded?
Mobikwik was founded in 2009. The company has been operating for 16 years primarily in the FinTech sector.
Where is the Mobikwik headquarters located?
Mobikwik is headquartered in Gurgaon,Haryana. It operates in 2 cities such as Gurgaon / Gurugram, Mumbai. To explore all the office locations, visit Mobikwik locations.
How many employees does Mobikwik have in India?
Mobikwik currently has more than 600+ employees in India. Customer Success, Service & Operations department appears to have the highest employee count in Mobikwik based on the number of reviews submitted on AmbitionBox.
Does Mobikwik have good work-life balance?
Mobikwik has a work-life balance rating of 4.0 out of 5 based on 400+ employee reviews on AmbitionBox. 66% employees rated Mobikwik 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Mobikwik work-life balance reviews for more details
Is Mobikwik good for career growth?
Career growth at Mobikwik is rated fairly well, with a promotions and appraisal rating of 3.8. 66% employees rated Mobikwik 4 or above, while 34% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Mobikwik promotions/appraisals reviews for more detailed insights.
What are the pros of working in Mobikwik?
Working at Mobikwik offers several advantages that make it an appealing place for employees. The company is highly rated for job security, salary & benefits and work life balance, based on 400+ employee reviews on AmbitionBox.
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