MobiKwik Invests ₹15 Million in Blostem Fintech, Acquires 3.39% Stake

One MobiKwik Systems Ltd, a leading Indian fintech company, has announced a strategic investment of ₹15 million to acquire a 3.39% stake in Blostem Fintech. This move comes as MobiKwik continues to expand its financial services portfolio and strengthen its position in the digital payments ecosystem. Blostem, known for its banking infrastructure and FD solutions, offers flexible integration options for investment products. The acquisition aligns with MobiKwik's recent initiatives, including the launch of new-age fixed deposits and the implementation of India's Central Bank Digital Currency (CBDC). This investment is expected to enhance MobiKwik's technological capabilities and broaden its range of financial products.

 

Source: MobiKwik Press Release