MobiKwik Acquires 3.39% Stake in Blostem Fintech for ₹1.49 Crore
Listed fintech firm MobiKwik deepens its strategic partnership with Blostem by acquiring an additional 3.39% equity stake, signalling confidence in Blostem's infrastructure play.
MobiKwik Deepens Its Stake in Blostem
MobiKwik, one of India's leading fintech platforms, has acquired an additional 3.39% stake in Blostem, strengthening their strategic partnership and signalling long-term confidence in Blostem's banking infrastructure platform.
This move comes on top of MobiKwik's existing partnership with Blostem, where they use Blostem's APIs to power their FD marketplace.
A Strategic, Not Just Financial, Investment
This isn't a typical financial investment — it's a strategic bet. MobiKwik's additional stake in Blostem reflects:
- Product validation: MobiKwik has seen firsthand how Blostem's infrastructure simplifies banking product distribution
- Long-term alignment: Both companies share the vision of making financial products accessible to every Indian
- Ecosystem conviction: MobiKwik believes in the platform model where infrastructure specialists like Blostem power the backend
What This Means for the Market
When a publicly-listed fintech platform like MobiKwik doubles down on an infrastructure startup, it sends a clear signal to the market:
- Banking infrastructure-as-a-service is a validated business model
- The "build vs buy" debate for banking integrations is tilting firmly towards "buy"
- Blostem's multi-bank, single-API approach has proven its value in production
Looking Ahead
The deepened partnership opens doors for expanded collaboration across new product verticals. As Blostem launches Recurring Deposits, UPI Credit Lines, and more, MobiKwik will be among the first platforms to offer these products to its user base.