India’s fintech poster child MobiKwik just reported its most jaw-dropping quarterly performance yet—and not in a good way.
In its Q1 FY26 update, the digital payments platform revealed a massive 6X surge in losses, alongside a 20.8% drop in revenue. That’s not just a dip—it’s a full-blown nosedive.
If you thought the fintech sector was cooling off, MobiKwik just confirmed it.
Revenue…
