Moneyview Limited, a consumer-focused, digital-only, credit-led fintech platform catering to Middle India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The proposed IPO by Moneyview comprises a fresh issue of equity shares aggregating up to ₹1,500 crore and an offer for sale (OFS) of up to 13.6 crore equity shares by selling shareholders.
The Moneyview App provides access to a full suite of financial products across four core categories – Borrow, Transact, Invest and Protect – enabling users to meet their diverse financial needs on a single platform.
Through its integrated offerings, Moneyview aims to strengthen its position as a comprehensive financial services platform for Middle India.
Founded in 2014 by IIT Delhi graduates Puneet Agarwal, Managing Director & Chief Executive Officer, and Sanjay Aggarwal, Executive Director & Chief Technology Officer, Moneyview is backed by marquee investors including Accel, Tiger Global, Ribbit Capital and others.
Strong Financial Performance and Profitability
Moneyview has reported consistent financial growth and profitability. The company has been profitable since Financial Year 2022 and recorded a 61% year-on-year increase in Profit Before Tax (PBT) in FY2025 compared to FY2024.
Reflecting its growth trajectory, Moneyview reported revenue of ₹2,379 crore and a net profit of ₹240 crore in FY2025. For the nine-month period ended December 31, 2025 (9MFY26), Moneyview recorded revenue of ₹2,409 crore and net profit (before exceptional items) of ₹245 crore, surpassing its full-year FY2025 revenue and profit.
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Digital Personal Loans Drive Growth
The flagship product of Moneyview is its digital personal loan offering, launched in 2017, which continues to be a key revenue driver. As of December 31, 2025, Moneyview reported a Managed Assets Under Management (AUM) of ₹19,814 crore.
Positioned as a leader in digital lending, Moneyview accounted for approximately 11% of total digital unsecured personal loan sanctions in FY2025 and reported the highest AUM in the digital unsecured personal loan segment among unlisted peers.
The company attributes its strong financial performance to its customer-first philosophy, robust technology and AI capabilities, and a capital-light model supported by a diversified network of partners.
Expanding Reach Across Middle India
Moneyview has built a user base of over 125 million, growing at a CAGR of 36.20%, with coverage across 99.55% of pin codes in India. Nearly 79% of its users are based in Tier 2 and beyond cities.
The average monthly income of its users stands at ₹47,000, with an average age of 32 years, highlighting the platform’s strong engagement with Middle India.
By leveraging data, technology and innovation, Moneyview delivers tailored financial products through a seamless digital experience. The platform’s technology and AI-led operating model enables a fully unassisted user journey, driving accessibility, scalability and cost efficiency.
Over 50% of the workforce at Moneyview is dedicated to technology and data roles, resulting in significant operating leverage. Operating expenses as a percentage of total income declined from 62.84% in Fiscal 2023 to 35.19% in the nine-month period ended December 31, 2025.
As of December 31, 2025, Moneyview reported a Managed AUM of ₹19,814 crore and a Return on Equity (ROE) of 15.9%, reflecting improved profitability under its capital-light lending model.
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Comprehensive Financial Product Suite
Beyond digital personal loans, Moneyview offers a wide range of financial products including credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI transactions and bill payments.
By encouraging repeat engagement and multi-product adoption, Moneyview aims to enhance user lifetime value and build long-term customer relationships.
Moneyview IPO Structure and Utilisation of Proceeds
According to the DRHP, the proposed IPO of the Bengaluru-headquartered Moneyview comprises a fresh issue of equity shares aggregating up to ₹1,500 crore and an offer for sale of up to 13.6 crore equity shares.
The Promoter Selling Shareholders include Puneet Agarwal and Sanjay Aggarwal, while the Promoter Group Selling Shareholder is Chitra Agarwal. Investor Selling Shareholders participating in the OFS include Internet Fund III Pte. Ltd., Accel India IV (Mauritius) Limited, Accel Growth IV Holdings (Mauritius) Ltd., Crimson Winter Limited, Lok Capital IV LLC, Lok Capital Co-investment Trust, Ribbit Capital, Evolvence India Fund IV Limited, Apis Growth II (Mimosa) Pte. Ltd., NLI Strategic Venture Investment Limited, TI JPNIN India Holdco Ltd., TI Platform SMRS SMA, L.P., and DI Investment LLC.
Moneyview intends to utilise the net proceeds from the fresh issue towards funding growth in its financial services business. This includes ₹650 crore to drive loan disbursals under Default Loss Guarantee (DLG) arrangements, ₹450 crore for investment in its material subsidiary, Whizdm Finance Private Limited (WFPL), to augment its capital base, and the balance towards general corporate purposes.
Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue.
The equity shares of Moneyview are proposed to be listed on BSE and NSE.
