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Latest news about One Mobikwik Systems

One Mobikwik Systems Targets Profitability in Second Half of FY26 2 hrs ago Today

One Mobikwik Systems has announced its confidence in achieving profitability during the second half of fiscal year 2026. This strategic milestone represents the company's focus on transitioning from growth investments to sustainable profit generation. The profitability target reflects operational improvements and revenue optimization strategies being implemented by the fintech company.

One MobiKwik Achieves PAT Profitability in Q3FY26 with ₹40M Net Profit 2 hrs ago Today

One MobiKwik Systems Schedules Q3FY26 Earnings Call for February 3, 2026 10 days ago

MobiKwik Shareholders Approve Appointment of New Independent Director with Overwhelming Majority Jan 21, 2026

BlackBuck Allots 1.11 Lakh Equity Shares to Employees Under ESOP Schemes Dec 23, 2025

More news about One Mobikwik Systems

22Dec 25

MobiKwik Seeks Shareholder Approval for New Independent Director

One MobiKwik Systems Limited has issued a postal ballot notice for the appointment of Radhakrishnan Nair as Non-Executive Independent Director for a five-year term from December 17, 2023 to December 16, 2028. Nair, 70, brings over 40 years of experience in banking, capital markets, and insurance sectors. The proposed annual remuneration is ₹17.00 lakh with ₹1.00 lakh sitting fees per meeting. Remote e-voting is open from December 23, 2023 to January 21, 2024. The appointment aligns with regulatory requirements and includes provision for directorship beyond 75 years of age.

18Dec 25

MobiKwik Appoints Navdeep Singh Suri as Board Chairman

One MobiKwik Systems has appointed Navdeep Singh Suri as its new Board Chairman. This strategic move aims to strengthen the company's governance framework and institutional capabilities. The appointment reflects the company's focus on enhancing its leadership structure and corporate governance standards in the competitive digital payments and financial services sector.

17Dec 25

One MobiKwik Systems Names Navdeep Singh Suri As New Board Chair For Better Governance

One MobiKwik Systems has appointed former diplomat Navdeep Singh Suri as Board Chairman, effective December 17, 2025, replacing co-founder Upasana Taku. Suri, who has been an Independent Director since 2021, brings extensive diplomatic experience including roles as Ambassador to Egypt and UAE. The appointment reinforces governance practices for India's largest digital wallet serving 183.50 million users.

15Dec 25

MobiKwik Q2 FY26 Results: Revenue Stable, EBITDA Improves 80% QoQ to ₹63.8 Cr Loss

One MobiKwik Systems delivered stable Q2 FY26 performance with revenue of ₹2,793.3 crores and significant operational improvements including 80% QoQ EBITDA enhancement. The company achieved 53% YoY payment GMV growth reaching ₹432.17 billion and emerged among top 3 fastest-growing UPI apps with 138.26 million transactions. Financial services segment showed recovery with improved margins while the company scheduled investor meetings in Mumbai for December 18-19, 2025.

11Dec 25

MobiKwik Enters India's Top 3 Fastest-Growing UPI Apps with Strong Q2FY26 Performance

One MobiKwik Systems achieved a significant milestone by entering India's top 3 fastest-growing UPI applications during Q2FY26, recording 38% quarter-on-quarter UPI transaction growth and 28% GMV increase. The company's innovative Pocket UPI feature emerged as a major growth driver, enabling seamless wallet-powered UPI payments without requiring primary bank account linking.

04Dec 25

One Mobikwik Systems CFO Projects Positive EBITDA and Profit Turnaround

One Mobikwik Systems' CFO anticipates positive EBITDA in Q3 of the current fiscal year and possible positive Profit After Tax in Q3 or Q4. Recent financial data shows narrowing losses, with Q2 FY2026 reporting revenue of ₹279.33 crore, EBITDA of ₹-6.38 crore, and net profit of ₹-28.62 crore. This potential turnaround could indicate improved operational efficiency and cost management for the Indian fintech company.

06Nov 25

Mobikwik CFO Highlights Regulatory Challenges and Innovation in India's Fintech Sector

Mobikwik co-founder and CFO Upasana Taku discussed the unique regulatory environment for Indian fintechs, requiring early-stage oversight and multiple licenses. Despite competition, Mobikwik has become a top-three fastest-growing UPI app. The company is exploring technologies like Central Bank Digital Rupee, voice-based payments, and AI-powered collections. Taku emphasized the growing importance of cybersecurity in the rapidly digitizing financial sector. Mobikwik's Q2 FY2026 financials show steady total income, improved contribution margin, and reduced EBITDA loss.

06Nov 25

MobiKwik Reports Significant EBITDA Improvement in Q2 FY2026, Edges Closer to Profitability

One Mobikwik Systems reported substantial operational improvements in Q2 FY2026. The company's EBITDA improved by 80% to -₹6.40 crores, with a 10% decrease in direct costs and a 5.7% decrease in fixed costs quarter-over-quarter. Total income remained steady at ₹279.00 crores. The payments business saw increased gross profit and margins, while the lending business optimized costs significantly. MobiKwik faced a fraud incident but has recovered 70% of the losses and enhanced controls. The company is expanding its product offerings and remains confident about its path to profitability.

04Nov 25

MobiKwik Reports Strong Q2 Performance: EBITDA Improves 80% QoQ

One Mobikwik Systems announced Q2 financial results showing significant improvements. Total income remained stable at ₹2,793.27 crore. EBITDA improved by 80% QoQ, narrowing the loss to ₹63.76 crore. Contribution profit increased by 24% QoQ to ₹961.00 crore. Payments GMV grew by 53% YoY and 13% QoQ. The company ranked as the #1 PPI Wallet in India and among the top 3 fastest-growing UPI apps. User base expanded to 183.5 million, with 3.3 million new users added in Q2. Merchant base reached 4.71 million. MobiKwik launched Digital Rupee transactions, FX Retail platform, and received SEBI approval for stock broking activities. The company faced a technical security breach in September, resulting in unauthorized transactions estimated at ₹40.00 crore.

04Nov 25

MobiKwik Reports Strong Q2 Performance with 80% EBITDA Growth and Record Payment Volumes, Addresses INR 404 Million Fraud

MobiKwik's Q2 FY2025 results show significant improvements despite challenges. EBITDA improved 80% quarter-on-quarter to negative ₹64.00 crore. Payment GMV reached ₹432.00 billion, up 53% year-on-year. Contribution margin expanded to 34.4%. However, the company reported a consolidated net loss of ₹286.00 million. MobiKwik faced a fraud incident resulting in ₹403.59 million in fraudulent claims, of which ₹219.27 million has been recovered. The company continues to focus on financial services, payment services, and technological advancements.

24Oct 25

MobiKwik COO Mohit Narain Steps Down Citing Health Concerns

Mohit Narain, Chief Operating Officer for Operations (Payments) at One Mobikwik Systems Limited, has resigned effective October 24, 2025, citing health reasons. The company has disclosed this information to the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI regulations. Narain expressed gratitude for his time at MobiKwik in his resignation letter to CEO Bipin Preet Singh. The company has not yet announced a successor for this key position in its payments operations.

13Oct 25

MobiKwik Eyes NBFC License, Invests Rs 10 Crore in Financial Services Subsidiary

One Mobikwik Systems is considering applying for an NBFC license from RBI after investing Rs 9.99 crore in its subsidiary, Mobikwik Financial Services Pvt. The proposed NBFC aims to operate in leasing and hire purchase deals for various assets. MobiKwik's recent financial results show a consolidated loss in the June quarter, with overall revenue down 21% YoY. However, the payments business revenue grew by 24% YoY. The company expects to achieve EBITDA breakeven in the second half of fiscal 2026.

08Oct 25

MobiKwik Eyes Profitability Return in FY26, Expands Financial Products Portfolio

MobiKwik expects to return to profitability in the second half of FY26, as announced by CFO Upasana Taku. The company's negative EBITDA decreased from 45.00 in Q4 FY25 to 31.00 in Q1 FY26. While facing challenges in unsecured lending, MobiKwik's payments business grew threefold last year, and credit distribution is recovering with 30-32% growth in recent quarters. The company is expanding its portfolio with new licenses and products, including a payment aggregator license, broking license, 'First Card' RuPay credit card on UPI, and 'Lens.AI' financial analysis tool, focusing on Tier-2 and Tier-3 markets.

18Sept 25

MobiKwik Faces ₹40 Crore Security Breach and Resolves Technical Glitch in Haryana

Digital payments company MobiKwik has experienced a major security breach resulting in the theft of ₹40 crore, exploiting a technical vulnerability following a software update. The company has recovered ₹14 crore and is working with authorities to retrieve the remaining funds. Six arrests have been made in connection with the fraud. In a separate incident, MobiKwik froze 2,000 merchant accounts in Haryana due to a technical glitch, which has since been resolved without user loss or cybersecurity breach.

16Sept 25

One MobiKwik Reports ₹26 Crore Fraud Loss from Unauthorized Settlements in Haryana

One Mobikwik Systems Limited disclosed a fraud incident involving unauthorized settlements in Haryana, with an estimated financial impact of ₹26 crores. The fraud, occurring between September 11-12, involved collusion between registered merchants and users. The company has filed an FIR, recovered ₹14 crores, and is working with law enforcement to freeze accounts and recover the remaining amount. No employees or insiders were involved in the incident.

03Sept 25

One MobiKwik Shares Surge 36% in Three Days, Now 8% Above IPO Price; Launches Chat-Based Bus Ticketing Service in Odisha

One Mobikwik Systems' shares have rallied 36% over three trading sessions, now trading 8% above its IPO price. Trading volume spiked to 3.60 crore shares. Abu Dhabi Investment Authority exited its 2.1% stake. Major shareholders include Peak XV Partners (9.92%), Cisco Systems (1.54%), and American Express Travel Related Services (1.34%). The company partnered with Zaapay, Crut, and ONDC to launch a chat-based bus ticketing service in Odisha, targeting 24 million commuters.

01Sept 25

ADIA Exits One MobiKwik Systems, Sells 2.1% Stake for Rs 39 Crore

Abu Dhabi Investment Authority (ADIA) has sold its entire 2.10% stake in One MobiKwik Systems for approximately Rs 39.00 crore. The sovereign wealth fund offloaded over 16.44 lakh equity shares at an average price of Rs 238.45 per share. BofA Securities Europe SA and SI Investments Broking Pvt Ltd acquired a combined 1.15% stake for Rs 22.12 crore. One MobiKwik's shares closed 8.12% higher at Rs 237.74 following the transaction. The company's Q1 FY26 results show a widened consolidated loss of Rs 41.90 crore and a 20.7% year-over-year decline in revenue to Rs 271.30 crore.

01Sept 25

MobiKwik Shares Surge 12% Despite Widening Q1 Losses

One MobiKwik Systems saw its shares jump 12% amid high trading volumes, breaking a six-day declining streak. The company reported a consolidated loss of ₹41.90 crore for Q1, up from ₹6.60 crore loss in the same period last year. Revenue declined 20.7% year-on-year to ₹271.00 crore. However, sequential improvements were noted with losses narrowing from ₹56.00 crore in the previous quarter and revenue increasing by 1.3%. The stock is currently trading 65% below its post-listing high of ₹698.30. Despite financial challenges, Dolat Capital Markets maintains a 'Buy' rating on the stock.

06Aug 25

MobiKwik Aims for Profitability by H2 FY26, Reports Reduced Q1 EBITDA Loss

One MobiKwik Systems aims to achieve profitability by H2 FY26, as stated by Co-founder and CFO Upasana Taku. The company has reduced its EBITDA loss from Rs 45 crore in Q4 FY25 to Rs 31 crore in Q1 FY26. MobiKwik has maintained stable fixed costs and optimized direct costs. With a low customer acquisition cost of Rs 40, the company's payments business grew 53% year-on-year in Q1 FY26. While loan disbursals increased 31% quarter-on-quarter, there was a 21% year-on-year decline. Taku views the current fiscal year as a recovery period, expecting a return to 30-50% annual growth rates in the future.

04Aug 25

MobiKwik Reports 53% Payment GMV Growth, Targets EBITDA Breakeven by Q3-Q4 FY26

One Mobikwik Systems achieved a record payment GMV of ₹384.00 billion in Q1 FY26, marking a 53% year-on-year growth. UPI transactions now account for 35% of total GMV, up from 30% last year. The company maintained a 15 basis points net margin in payments and saw a 30% growth in loan disbursals. MobiKwik reported an EBITDA loss of ₹31.00 crores, an improvement of ₹15.00 crores from the previous quarter. With ₹475.00 crores in cash, the company aims for EBITDA breakeven by Q3 or Q4 of the current financial year.

01Aug 25

MobiKwik Reports 53% YoY Growth in Payments GMV, Narrows EBITDA Loss in Q1 FY26

MobiKwik announced its Q1 FY26 results, showing significant growth in its payments business. Payments GMV increased 53% YoY to ₹383,882.00 million, reaching an all-time high. Total income grew 1% QoQ to ₹2,816.00 million, while EBITDA loss narrowed by 32% QoQ to ₹312.00 million. The company's user base expanded to 180.2 million. Financial services segment showed recovery with ZIP EMI disbursals growing 31% QoQ. MobiKwik secured a stock broking license and launched 'First Card', an FD-backed RuPay credit card. The company expects to achieve EBITDA breakeven soon, driven by continued growth in payments and recovery in financial services.

01Aug 25

MobiKwik Reports Record Payments GMV and Improved EBITDA in Q1

One Mobikwik Systems announced robust Q1 financial results, achieving its highest ever quarterly Payments Gross Merchandise Value of ₹384.00 billion, a 53% year-over-year growth. The company's registered user base grew to 180.2 million, with 4.64 million merchants. Gross margin for payments reached 27.9%, while financial services showed recovery with ZIP EMI disbursals growing 31% quarter-over-quarter. Total income increased to ₹2,816.00 million, and EBITDA improved by 32%. MobiKwik secured a full Payment Gateway license and a Stock Broking license, positioning itself for further growth in the fintech sector.

21Jul 25

Net 1 Applied Technologies Netherlands B.V. Exits One Mobikwik Systems with Complete 8% Stake Sale

Net 1 Applied Technologies Netherlands B.V. has sold its entire 8% stake (62,15,620 shares) in One Mobikwik Systems Limited through open market transactions on June 26, 2025. The sale reduces Net 1's shareholding from 8.00% to 0.00%. One Mobikwik Systems has a total equity share capital of 7,76,86,313 shares. The transaction was disclosed in compliance with SEBI regulations.

03Jul 25

MobiKwik Expands Financial Services Footprint with SEBI Approval for Stockbroking

MobiKwik's subsidiary, MobiKwik Securities Broking Pvt Ltd, has received approval from SEBI to operate as both a stock broker and clearing member. This dual certification allows MobiKwik to offer comprehensive stock market services, including facilitating buying and selling of securities and participating in trade settlements. The move represents a strategic expansion of MobiKwik's financial services portfolio beyond its core digital wallet and payment services. The market responded positively, with MobiKwik's shares rising 2.53% on the NSE following the announcement.

30Jun 25

MobiKwik Strengthens Leadership: Saurabh Dwivedi Elevated to CTO

One Mobikwik Systems has made significant leadership changes. Saurabh Dwivedi, former Senior VP of Engineering, is promoted to CTO to lead engineering efforts and implement AI technologies. Dhruv Wadhera is elevated to Senior VP for Offline Payments, focusing on expanding offline payment solutions and merchant networks. These changes aim to enhance MobiKwik's technological capabilities and strengthen its position in the offline payment sector.

26Jun 25

One Mobikwik Systems Ltd: Shares Rebound After Block Deals Worth ₹168 Crore

One Mobikwik Systems Ltd. shares recovered from an initial 6% decline after significant block deals. 68.5 lakh shares were traded at prices between ₹231.00 and ₹261.00, totaling approximately ₹168.00 crore. The stock's quick recovery suggests investor confidence. Additionally, the company granted 3,27,688 stock options to employees at face value.

26Jun 25

MobiKwik Faces Potential Stake Sale as Net1 Considers Exit Amid Financial Challenges

Net1 Applied Technologies Netherlands BV plans to sell its entire 8% stake in One Mobikwik Systems through block deals. MobiKwik's stock has fallen over 60% from its post-IPO high, trading below the IPO price. The company's recent financial results show widened net losses and a 2.60% year-on-year revenue growth. This potential exit of a major shareholder could impact MobiKwik's stock price, shareholding pattern, and market valuation.

25Jun 25

Net1 to Offload 8% Stake in Mobikwik via Block Deal

Net1 Applied Technologies Netherlands BV plans to sell an 8% stake in One Mobikwik Systems through a block deal. The shares will be offered at a 0-8.40% discount to the current market price. This comes after Mobikwik's recent entry into stockbroking, expanding its financial services portfolio. The deal could alter Mobikwik's ownership structure and potentially impact its stock price.

18Jun 25

MobiKwik Shares Slide 6% as Lock-in Period Expires

MobiKwik's stock price fell 6% to ₹254.80 as the six-month lock-in period expired, making 3.8 crore shares eligible for trading. The current price is 9% below the IPO price of ₹279. Despite this, MobiKwik reported 43% revenue growth to ₹291.00 crore and narrowed losses to ₹3.60 crore in the September quarter. The end of the lock-in period may lead to increased selling pressure and stock volatility in the short term.

21May 25

One Mobikwik Reports Q4 Financial Services Revenue Decline Amid BNPL Business Restructuring

One Mobikwik's Q4 financial services revenue decreased by 23% QoQ and 64.60% YoY due to scaling down its small ticket BNPL business. BNPL GMV fell 50% QoQ, while longer tenure ZIP EMI product GMV grew 32.50% QoQ, indicating a strategic shift towards longer-term lending products.

20May 25

ONE MOBIKWIK SYSTEMS Reports Widening Q4 Loss of Rs 56 Crore, Stock Falls 6%

ONE MOBIKWIK SYSTEMS, an Indian digital payments company, reported a net loss of Rs 56.03 crore in Q4, significantly higher than the Rs 0.67 crore loss in the same quarter last year. Revenue grew slightly by 2.6% to Rs 278.00 crore. The company's Payments GMV increased 2.3 times year-over-year. EBITDA loss expanded to Rs 45.80 crore. Following the results, the company's stock price fell 6.3% to Rs 262.00 in intraday trading.

16May 25

One MobiKwik Systems to Announce Q4 and FY25 Results on May 19

One MobiKwik Systems Ltd. will release its Q4 and full fiscal year 2025 financial results on May 19, 2025. A board meeting will approve the audited results. An earnings call with investors is scheduled for May 20, 2025. The company has implemented a trading window closure for designated persons until May 21, 2025, to prevent insider trading.

12May 25

One MobiKwik Systems to Review Q4 Financial Results on May 19

One MobiKwik Systems, a key player in India's digital payments and financial services sector, has scheduled its Q4 financial results review for May 19. The review will provide crucial insights into the company's performance for the last fiscal quarter, including key financial metrics such as revenue, net profit/loss, EPS, operating expenses, and cash flow. This announcement is significant for investors and analysts, as the results may impact the company's stock price and market perception.

02May 25

MobiKwik's Subsidiary Zaakpay Secures RBI Approval as Online Payment Aggregator

One MobiKwik Systems Limited's wholly owned subsidiary, Zaak ePayment Services (Zaakpay), has received final approval from the Reserve Bank of India to operate as an Online Payment Aggregator. This authorization allows Zaakpay to offer a wide range of payment acceptance solutions including credit/debit card processing, net banking, UPI, digital wallets, Pay Later options, and EMI facilities. The approval is expected to strengthen MobiKwik's position in the digital payments landscape, potentially opening new revenue streams and enhancing its competitiveness in the fintech sector.

02May 25

MobiKwik's Subsidiary Zaak ePayment Secures RBI Nod as Online Payment Aggregator

One Mobikwik Systems Limited's subsidiary, Zaak ePayment Services, has been authorized by the Reserve Bank of India (RBI) to operate as an online payment aggregator. This approval allows Zaak ePayment to provide payment aggregation services for online merchants, enhancing MobiKwik's position in the digital payments sector. The authorization enables the company to offer streamlined payment processing, integration of multiple payment methods, and enhanced security features for online transactions.

30Apr 25

MobiKwik's Subsidiary Zaakpay Secures RBI Approval as Online Payment Aggregator

MobiKwik Systems Limited announced that its subsidiary, Zaak ePayment Services Private Limited (Zaakpay), has received RBI authorization to operate as an Online Payment Aggregator. The certificate, issued on April 30, 2025, has no expiry date. This approval is expected to facilitate business expansion, ensure regulatory compliance, and provide a competitive advantage for Zaakpay in the digital payments sector.

30Apr 25

MobiKwik's Subsidiary Secures RBI Authorization as Online Payment Aggregator

ONE MOBIKWIK SYSTEMS LIMITED's subsidiary, ZAAK EPAYMENT SERVICES PRIVATE LIMITED (Zaakpay), has received the Certificate of Authorisation from the Reserve Bank of India to operate as an Online Payment Aggregator. The authorization, issued on April 30, 2025, allows Zaakpay to provide payment aggregation services under the Payment and Settlement Systems Act, 2007, without an expiry date. This development is expected to enable business expansion opportunities for Zaakpay within the digital payments ecosystem and strengthen MobiKwik's position in the market.

23Apr 25

MobiKwik Expands into Financial Services with New NBFC Subsidiary

ONE MOBIKWIK SYSTEMS LIMITED has incorporated a new wholly-owned subsidiary, MOBIKWIK FINANCIAL SERVICES PVT. LTD. (MFSPL), registered as a Non-Banking Financial Company (NBFC). The subsidiary, with an initial paid-up share capital of ₹1,00,000, aims to carry out NBFC operations, including hire purchase and leasing businesses for various assets. This move signifies MobiKwik's strategy to diversify beyond digital payments and deepen its presence in the financial services sector.

21Apr 25

MobiKwik Teams Up with Poonawalla Fincorp to Offer Instant Personal Loans

ONE MOBIKWIK SYSTEMS has announced a strategic partnership with Poonawalla Fincorp to offer instant personal loans through MobiKwik's digital platform. The collaboration combines MobiKwik's digital expertise and user base with Poonawalla Fincorp's lending experience. The partnership aims to provide quick, convenient access to personal loans through a digital-first approach, potentially expanding financial services to a broader consumer segment.

28Mar 25

MobiKwik Uncovers ₹1.26 Crore Fraud by Former Employee, Implements Stringent Measures

MobiKwik, a leading fintech company, has reported a fraud case involving a former employee, Gaurav Sharma, who misappropriated ₹1.26 crore by manipulating merchant details between August 2023 and September 2024. The company has filed a police complaint, and the ex-employee is in custody. MobiKwik has fully provisioned the amount in its books and implemented enhanced security measures, including SSO login with VPN, two-factor authentication, restricted admin portal access, hourly alerts for sensitive field changes, separate wallets for business segments, and improved financial controls. The company has informed stock exchanges in compliance with SEBI regulations.

27Mar 25

ONE MOBIKWIK SYSTEMS Uncovers ₹1.26 Crore Fraud by Former Employee

ONE MOBIKWIK SYSTEMS, a digital payment platform, disclosed a fraud of ₹1.26 crore committed by former employee Gaurav Sharma between August 2023 and September 2024. The ex-employee allegedly misappropriated funds by altering merchant details. The company has filed a police complaint, and the accused is in custody. ONE MOBIKWIK has implemented corrective measures including enhanced login security, restricted access to admin portals, and improved monitoring systems. The fraud amount has been provisioned in the company's accounts.

26Mar 25

MobiKwik Expands into Securities Broking with New Subsidiary

ONE MOBIKWIK SYSTEMS has incorporated a new subsidiary, MOBIKWIK SECURITIES BROKING, marking its entry into the securities broking sector. This strategic expansion aims to diversify the company's financial services portfolio, potentially creating new revenue streams and enhancing its competitive position in the fintech market. The move aligns with the growing trend of retail investing in India and the increasing digitization of financial services.

17Mar 25

MobiKwik Shares Plunge 13% as Lock-in Period Expires

One MobiKwik Systems Ltd experienced a 13% drop in share price on March 17, 2025, as the three-month shareholder lock-in period expired. Approximately 46 lakh shares (6% of outstanding equity) became available for trading, pushing the stock below its IPO price of ₹279. Despite 17.7% YoY revenue growth in Q3, the company reported a net loss of ₹55.3 crore, indicating ongoing profitability challenges in the competitive fintech sector.

21Feb 25

ONE MOBIKWIK SYSTEMS Expands Fintech Portfolio with Strategic Investment in BLOSTEM FINTECH

ONE MOBIKWIK SYSTEMS Limited is set to acquire a 3.39% stake in BLOSTEM FINTECH Private Limited for ₹15 million, marking its second investment in the company. This investment will bring ONE MOBIKWIK's total shareholding in BLOSTEM FINTECH to 6.79%. BLOSTEM FINTECH is a B2B banking infrastructure platform specializing in Fixed Deposit aggregation, with partnerships across multiple banks and NBFCs. The transaction is expected to be completed by February 28, 2025, and does not require regulatory approvals.