Mobile wallet firm MobiKwik has at last been able to record its first full year of operations in the black. The total income of the fintech company increased to 58% year-on-year. 7 % in FY 24 and also posted a net profit as against a net loss in the previous year. This a clear pointer to strategizing and growth path in that company.
The fact that MobiKwik is profitable is good news for its future plans to go for an IPO. The smooth financial record and company’s growth strategy of entering new small towns and cities are evidence of the company’s capability to attract investors and ride the wave of the digital economy. This is in consideration of the fact that the fintech industry is still growing and as a result, MobiKwik will require to seize any new prospect that comes along.
