India’s fintech sector has been navigating a tough phase marked by tighter funding, rising compliance costs, and investor pressure to show a clear path to profitability. Against this backdrop, MobiKwik has delivered a notable milestone. The digital payments and financial services firm reported a net profit of INR 4 crore in the third quarter (Q3), marking its return to the black after multiple quarters of losses.
The latest financial performance signals a crucial shift for the Gurugram-based company, which has been steadily working to rebalance growth with financial discipline. For a fintech ecosystem long criticized for prioritizing scale over sustainability, MobiKwik’s Q3 numbers underlin
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