Bengaluru-based fintech unicorn Moneyview is preparing to enter the public markets. The digital lending platform has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore through an initial public offering (IPO).
The move marks a major milestone for the fintech startup, which has grown rapidly over the past decade by offering digital financial services to underserved and new-to-credit customers across India.
With strong revenue growth and profitability, Moneyview now joins the growing list of Indian startups looking to tap the public markets.
Details of the Proposed IPO
According to the DRHP, Moneyview’s IPO will consist of two main components.
Fresh Issue of Equity Shares
The company plans to raise Rs 1,500 crore through a fresh issue of equity shares. Funds raised from this portion will go directly to the company and will be used to support business expansion and operational needs.
Offer for Sale by Existing Investors
Alongside the fresh issue, the IPO will also include an offer for sale (OFS) of up to 13.6 crore equity shares. In an OFS, existing shareholders sell part of their stake in the company.
Several early investors and stakeholders will participate in this sale, including promoter and co-founder Puneet Agarwal.
Key Investors Participating in the OFS
Some of the company’s early backers will partially exit or reduce their stake through the IPO.
These include well-known venture capital and investment firms such as:
Accel
Ribbit Capital
Apis Partners
The participation of these investors reflects the company’s long funding journey since its early startup days.
Possible Pre-IPO Placement
Moneyview is also considering raising an additional Rs 300 crore through a pre-IPO placement.
Pre-IPO placements allow companies to raise funds from institutional investors before the public offering. If this placement is completed, the size of the fresh issue in the IPO could be reduced accordingly.
This approach is commonly used by companies to strengthen their balance sheet before listing.
Investment Banks Managing the IPO
Several leading investment banks have been appointed to manage the IPO process.
The merchant bankers for the issue include:
Axis Capital
IIFL Capital Services
BofA Securities India
Kotak Mahindra Capital Company
Meanwhile, MUFG Intime India will serve as the registrar for the IPO, handling investor records and share allotment processes.
How Moneyview Plans to Use the Funds
The company has outlined several key areas where the funds raised from the IPO will be deployed.
Supporting Loan Disbursals
Around Rs 650 crore will be used to support loan disbursals through Default Loss Guarantee (DLG) arrangements.
DLG structures help fintech platforms partner with banks and non-banking financial companies (NBFCs) by sharing part of the credit risk.
This model enables digital lenders like Moneyview to scale their lending operations while working with regulated financial institutions.
Strengthening NBFC Arm
The company plans to invest Rs 450 crore into its NBFC subsidiary, Whizdm Finance.
This capital infusion will strengthen the financial base of the NBFC and support further loan growth.
General Corporate Purposes
The remaining funds will be used for general corporate purposes, which may include technology development, operational expansion, and other strategic initiatives.
The Story Behind Moneyview
Moneyview was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal.
The startup began with a vision to simplify access to financial services for millions of Indians who were either new to credit or lacked access to traditional banking products.
Over time, the company evolved into a full-fledged digital financial services platform.
Products and Services Offered
Moneyview provides a range of financial services through its digital platform.
Personal Loans
The company offers instant personal loans through a fully digital application process. Users can apply for loans directly through the mobile app without visiting a bank branch.
Credit Score Tracking
Moneyview also allows users to track their credit score and access insights about their financial profile.
Insurance Distribution
In addition to lending services, the platform distributes insurance products through partnerships with insurers.
Other Financial Products
The company collaborates with banks, NBFCs, and financial institutions to offer multiple financial services on a single platform.
A Massive User Base Across India
Moneyview has built a significant digital presence over the years.
The company claims to have a user base of more than 125 million customers.
A major portion of these users come from Tier II, Tier III, and smaller cities across India. These markets have traditionally been underserved by traditional financial institutions.
By leveraging technology and data analytics, Moneyview has been able to reach customers who previously had limited access to credit.
Strong Partnerships with Financial Institutions
Moneyview works with more than 40 financial institutions, including banks, NBFCs, and insurance providers.
These partnerships enable the platform to offer a wide range of financial services while maintaining regulatory compliance.
Collaborating with established institutions also helps the company scale faster without taking on all the lending risk itself.
Strong Financial Performance
Moneyview’s financial performance has been one of the key highlights leading up to its IPO filing.
FY25 Revenue and Profit
For the financial year ending March 2025, the company reported operating revenue of approximately Rs 2,379 crore.
During the same period, Moneyview recorded a net profit of Rs 240 crore, indicating a profitable business model.
Continued Growth in FY26
The company has maintained its growth momentum in the current fiscal year.
For the nine months ending December 2025 (9MFY26), Moneyview reported revenue of Rs 2,409 crore and net profit of Rs 245 crore.
These numbers suggest that the company is on track for another strong financial year.
Rising Trend of Startup IPOs in India
Moneyview’s IPO filing reflects a broader trend of Indian startups turning to public markets for capital.
In recent years, several tech startups have explored IPOs as a way to raise funds, provide exits for investors, and strengthen their brand presence.
The fintech sector, in particular, has seen increasing investor interest due to its ability to scale rapidly through digital platforms.
What Lies Ahead for Moneyview
If the IPO receives regulatory approval and investor interest remains strong, Moneyview could soon become one of the few profitable fintech companies listed on Indian stock exchanges.
The fresh capital will allow the company to expand its lending operations, strengthen its NBFC arm, and invest further in technology.
With a large user base, strong partnerships, and growing financial performance, Moneyview is positioning itself as a major player in India’s rapidly evolving digital financial ecosystem.
