India’s fintech ecosystem continues to mature, and one more homegrown platform is now preparing to enter the public markets. Bengaluru-based digital financial services platform Moneyview has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise ₹1,500 crore through an initial public offering (IPO).
The filing marks a significant step for the fintech firm that has quietly built a strong presence among India’s middle-income consumers through digital lending and financial services. Backed by some of the world’s most prominent venture investors—including Accel, Tiger Global Management, and Apis Partners—the company is now preparing to test investor appetite in the public markets while allowing early stakeholders to partially exit their investments.
The IPO structure reflects both capital-raising ambitions and investor liquidity. According to the DRHP filed on March 3, the issue will comprise a fresh issue of equity shares worth ₹1,500 crore, along with an offer-for-sale (OFS) of 13.6 crore shares by existing shareholders.
Early Backers Set to Partially Exit
Several prominent investors and promoters will participate in the OFS component of the IPO. Founders Puneet Agarwal and Sanjay Aggarwal are among the selling shareholders.
They will be joined by a group of global venture investors that have backed the company during its growth journey. These include:
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Apis Partners
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Crimson Winter
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Accel
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Tiger Global Management
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NLI Strategic Venture Investment
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Ribbit Capital
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TI JPNIN India
Among institutional investors, Accel holds the largest stake at 21.31%, followed by Tiger Global’s Internet Fund III with 13.79%, Ribbit Capital with 10.2%, and Apis Growth with 6.61%.
The OFS portion of the IPO will enable these investors to sell part of their holdings while the company simultaneously raises fresh capital for future expansion.
Additionally, the DRHP states that the company may consider raising up to ₹300 crore through a pre-IPO placement, which would be included as part of the fresh issue component.
How Moneyview Plans to Use the IPO Funds
Moneyview plans to deploy the fresh capital across multiple strategic priorities aimed at scaling its lending operations and strengthening its financial infrastructure.
From the ₹1,500 crore fresh issue, the company intends to allocate:
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₹650 crore to drive growth in loan disbursals through default loss guarantee (DLG) arrangements
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₹450 crore to strengthen the capital base of its NBFC subsidiary Whizdm Finance
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The remaining amount for general corporate purposes
These investments signal the company’s intent to deepen its lending operations while ensuring adequate financial backing for its regulated lending entity.
A Fintech Focused on “Middle India”
Founded in 2014, Moneyview has positioned itself as a digital-first financial services platform targeting “Middle India”—a segment often underserved by traditional financial institutions.
The company offers a suite of consumer financial products through its platform, including:
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Personal loans
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Insurance
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Credit cards
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Digital gold
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Payments services
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Earned wage access
Operating primarily as a lending service provider, Moneyview partners with 22 regulated financial institutions to offer personal loans to customers. Its NBFC arm, Whizdm Finance, also plays a key role in its lending ecosystem.
In the broader fintech landscape, Moneyview competes with several listed players such as PB Fintech, One 97 Communications, Bajaj Finance, and SBI Cards and Payment Services—companies that have helped shape India’s rapidly evolving digital finance market.
Strong Growth in Revenue and Profitability
Financially, Moneyview has reported significant growth over the past few years, reflecting rising demand for digital credit solutions across India.
For the nine-month period ending December 2025, the company recorded:
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Revenue: ₹2,373.3 crore
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Profit: ₹209.7 crore
For the financial year ending March 2025, the company reported:
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Revenue: ₹2,339.1 crore, marking a 74.3% increase from ₹1,342.4 crore in the previous year
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Profit: ₹240.3 crore, a 40.4% rise from ₹171.1 crore
These numbers highlight the rapid expansion of Moneyview’s lending operations and the increasing adoption of digital financial services among Indian consumers.
Investment Banks Leading the IPO
To manage the public issue, Moneyview has appointed a consortium of leading investment banks as merchant bankers.
These include:
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Axis Capital
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BofA Securities India
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IIFL Capital Services
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Kotak Mahindra Capital Company
The firms will oversee the IPO process, including pricing, investor roadshows, and regulatory coordination.
A New Chapter for India’s Fintech IPO Pipeline
Moneyview’s move toward a public listing comes at a time when India’s fintech sector is gradually regaining momentum after a cautious period in capital markets. The company’s strong revenue growth, profitability, and focus on underserved consumer segments could position it as one of the notable fintech IPOs in the coming months.
For early investors like Accel and Tiger Global, the IPO also represents an opportunity to realize partial returns from their investments, while giving public market investors a chance to participate in the company’s next phase of growth.
If successful, the listing could further signal the maturing of India’s digital lending ecosystem—an industry that has rapidly evolved over the past decade as fintech platforms bring credit and financial services to millions of previously underserved users.
