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Brokerage Breakthrough: MobiKwik Subsidiary Secures SEBI Nod to Enter Stock Market Ecosystem

Updated: July 03, 2025 15:12

Image Source : Moneycontrol
One MobiKwik Systems Ltd has taken a decisive step toward expanding its financial services portfolio, with its subsidiary receiving a certificate from the Securities and Exchange Board of India (SEBI) to operate as a stock broker and clearing member. The regulatory approval marks a strategic milestone for the fintech firm, enabling it to offer capital market services alongside its existing digital payments and lending solutions.
 
Key Highlights of the SEBI Certification
  • The SEBI certificate authorizes MobiKwik’s unit to function as both a stock broker and clearing member, allowing it to facilitate trades and manage settlement processes  
  • This move positions MobiKwik to enter the broking space, offering retail and institutional clients access to equity, derivatives, and other market instruments  
  • The certification complements the company’s recent regulatory wins, including RBI’s approval for its subsidiary Zaakpay to operate as an online payment aggregator  
Strategic Expansion into Capital Markets
  • MobiKwik aims to build a fullstack financial ecosystem, integrating payments, lending, insurance, and now capital market access  
  • The broking license will enable the company to offer trading services directly through its app, potentially bundling them with credit and payment features  
  • The firm is expected to target firsttime investors and millennials, leveraging its digitalfirst approach and user base  
Regulatory Momentum and Market Positioning
  • The SEBI nod follows MobiKwik’s successful IPO filing and its reverse flip to become a fully Indian entity  
  • The company has also incorporated MobiKwik Financial Services Pvt Ltd to consolidate its lending and investment operations  
  • With approvals from both SEBI and RBI, MobiKwik is now positioned to compete with established fintech players in the wealth management and trading space  
Forward Outlook and Investor Sentiment
  • Analysts view the certification as a value accretive move that could unlock new revenue streams and improve customer retention  
  • The company’s shares have shown volatility amid block deals and investor exits, but regulatory clarity may help stabilize sentiment  
  • MobiKwik’s next steps may include onboarding clients, integrating trading features into its app, and launching educational tools for retail investors  
As MobiKwik’s subsidiary steps into the capital markets arena, the SEBI certification signals more than just regulatory compliance—it’s a gateway to financial inclusion, digital empowerment, and a broader fintech footprint.
 
Sources: Economic Times, Moneycontrol, Trendlyne, Business Standard, SEBI Filings, NDTV Profit, MSN News, BSE India

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