Moneyview Receives SEBI Approval for Rs 1,500 Crore IPO
According to the company, Moneyview has built a user base of more than 125 million registered users and accounts for roughly 11% of India's digital unsecured personal loan sanctions.
Bengaluru-based fintech unicorn Moneyview has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO), after the market regulator issued its final observation letter on June 29. The approval clears the way for the company to launch its public issue within the stipulated timeframe.
Moneyview filed its Draft Red Herring Prospectus (DRHP) in March 2026. The proposed IPO comprises a fresh issue of equity shares worth up to ₹1,500 crore and an Offer for Sale (OFS) of up to 13.61 crore equity shares by existing shareholders. The company may also undertake a pre-IPO placement of up to ₹300 crore, which would reduce the size of the fresh issue if completed before the IPO.
The proceeds from the fresh issue will primarily be used to strengthen the company’s lending business. Moneyview plans to allocate ₹650 crore towards expanding loan disbursals under its Default Loss Guarantee (DLG) arrangements, while ₹450 crore will be infused into its wholly owned NBFC subsidiary, Whizdm Finance Pvt. Ltd., to strengthen its capital base. The remaining funds will be used for general corporate purposes.
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a digital financial services platform focused on serving underserved and first-time credit users. The company offers unsecured personal loans through partnerships with banks and NBFCs, while also lending directly through Whizdm Finance.
Beyond lending, Moneyview provides a broad suite of financial products, including credit cards, Buy Now Pay Later (BNPL), fixed deposits, digital gold, Gold SIPs, UPI payments, and personal finance management tools. The platform relies on proprietary AI-powered credit assessment models that leverage alternative data to evaluate borrowers and generate revenue through both interest income and distribution commissions.
According to the DRHP, promoters Puneet Agarwal and Sanjay Aggarwal, along with investors including Accel, Tiger Global, Ribbit Capital, Apis Partners, Crimson Winter, NLI Strategic Venture Investment, and TI JPNIN India, will sell shares through the OFS. Before the offering, Accel is the company’s largest shareholder with a 21.9% stake, followed by Tiger Global with 13.79% and Ribbit Capital with 10.2%.
Moneyview entered India’s unicorn club in 2024 after raising approximately $46 million at a valuation of $1.2 billion. To date, the fintech startup has raised over $290 million from investors.
On the financial front, the company reported ₹2,379 crore in revenue and ₹240 crore in net profit for FY25. For the nine months ended December 31, 2025, it recorded ₹2,409 crore in revenue and ₹245 crore in net profit, already surpassing its full-year FY25 performance. As of December 31, 2025, Moneyview’s assets under management (AUM) stood at ₹19,814 crore.