MobiKwik delivers a second straight PAT positive quarter; plans to bet big on AI

Indian fintech firm MobiKwik has reported a second consecutive profitable quarter, posting net profits of INR 5 crore ($670,000) in Q2FY24, while revenues increased by 52% year-on-year to INR 208 crore. The company’s CEO, Bipin Preet Singh, said they expect profit margins to continue increasing as a percentage of revenue and are focused on digital banking.