Introduction:
Leading fintech company has expanded its investment portfolio by acquiring an additional 3.39% stake in a B2B banking infrastructure platform. This strategic move enhances its presence in digital financial services, strengthening partnerships with banks and NBFCs for seamless financial product distribution.
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Share price movement of One MobiKwik Systems:
On February 21, 2025, One MobiKwik Systems Ltd (MOBIKWIK) opened at ₹324.00, slightly up from its previous close of ₹323.05. The stock hit a high of ₹333.65, a 3.09% jump, and a low of ₹308.80. By 3:30 PM, it traded at ₹310.00, with a market cap of ₹2,408.28 crore.
MobiKwik Acquires Additional Stake in Blostem Fintech:
One MobiKwik Systems Ltd has announced the acquisition of an additional 3.39% stake in Blostem Fintech Pvt. Ltd., a B2B banking infrastructure platform. This investment, worth ₹1.49 crore, increases MobiKwik’s total stake in Blostem to 6.79% on a fully diluted basis.
Blostem, founded in 2021, specializes in Fixed Deposit (FD) aggregation, integrating banking products via API solutions. It has built strategic partnerships with multiple banks and NBFCs. The company reported a revenue of ₹30.76 lakh for the financial year ending March 2024.
With this acquisition, MobiKwik strengthens its presence in the fintech sector by leveraging Blostem’s plug-and-play technology. The deal, structured as a cash transaction, is expected to be completed by February 28, 2025, expanding MobiKwik’s digital financial services portfolio.
Recent news on One MobiKwik Systems:
As of February 04, 2025, One MobiKwik Systems Ltd reported a net loss of ₹55 crore in Q3 FY25, despite an 18% revenue growth to ₹269 crore. Increased expenses of ₹317 crore led to an EBITDA loss of ₹48 crore.
Stock performance of One MobiKwik Systems for Period of 1 week and 1 month:
One MobiKwik Systems Ltd faced a decline in performance, posting a -1.27% return over the past week and a sharp -26.8% drop over the past month, reflecting market volatility and investor concerns over recent financial results.
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Shareholding pattern of One MobiKwik Systems:
| Particulars | Dec 2024 |
| Promoter | 25.20% |
| FII | 4.80% |
| DII | 8.90% |
| Public | 61.10% |
About One MobiKwik Systems:
One MobiKwik Systems Ltd (NSE: MOBIKWIK) is a digital banking platform offering payments and financial services to consumers and merchants. Established in 2009, it operates a tech-driven application, enabling seamless transactions through its MobiKwik platform.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
