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Fintech firm MobiKwik reports wider loss and lower revenue but records highest-ever payment GMV.
Fintech firm One MobiKwik Systems reported a significantly widened loss of ₹41.9 crore in the June quarter, up from ₹6.6 crore last year, with a 20.7% drop in revenue to ₹271.3 crore.
Despite financial challenges, the company achieved its highest-ever quarterly payments Gross Merchandise Value (GMV) at ₹38,388.2 crore.
MobiKwik utilized ₹214 crore of its IPO funds for organic growth and R&D.
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La firma de Fintech MobiKwik reporta una pérdida más amplia y menores ingresos, pero registra el GMV de pago más alto de la historia.