Fintech Unicorn Moneyview Files DRHP With SEBI for ₹1,500 Crore IPO; Accel and Tiger Global Plan Partial Exit

India’s fintech ecosystem is gearing up for another major public listing. Bengaluru-based fintech unicorn Moneyview has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).

The company plans to raise INR 1,500 crore through a fresh issue of equity shares, while existing investors and promoters will sell up to 13.6 crore shares via an offer for sale (OFS). The filing marks an important step as the unicorn prepares to enter India’s public markets and expand its digital lending business.

Fintech Unicorn Moneyview IPO: INR 1,500 Crore Fresh Issue and 13.6 Crore Shares in OFS

According to the DRHP filed with SEBI, the proposed IPO will include two main components.

• Fresh issue: Up to INR 1,500 crore worth of new shares
• Offer for sale: Up to 13.6 crore shares by existing shareholders

Promoters Puneet Agarwal and Sanjay Aggarwal, along with several investors, will participate in the OFS.

Major investors planning to sell part of their holdings include Accel, Tiger Global Management, Ribbit Capital, and Apis Partners.

The company intends to list its shares on the Bombay Stock Exchange and the National Stock Exchange of India once regulatory approvals are completed.

Market observers say the IPO could potentially cross INR 3,000 crore in total size when the OFS portion is included.

Moneyview Business Model: Digital Lending Platform Targeting “Middle India”

Founded in 2014, Moneyview operates as a credit-led digital financial services platform focused on what it calls “Middle India”. The company provides financial products to customers across smaller cities and towns where access to traditional credit has been limited.

Through its mobile app, users can access several financial services, including:

• Personal loans
• Credit cards
• Insurance
• Digital gold
• UPI payments and bill payments
• Other digital lending products

The company’s digital personal loan product, launched in 2017, remains its main revenue driver.

As of December 31, 2025, Moneyview reported assets under management (AUM) of around INR 19,814 crore.

The platform claims to have over 125 million users across India, covering nearly 99.5% of the country’s PIN codes. Around 79% of its customers come from Tier-2 cities and smaller towns, showing the rapid growth of fintech services beyond major metros.

Moneyview Financial Performance Before IPO

Unlike many new-age fintech startups, Moneyview has already reported consistent profitability.

For FY2025, the company reported:

• Revenue: INR 2,379 crore
• Net profit: INR 240 crore

Moneyview has been profitable since FY2022.

In the first nine months of FY2026, the company recorded INR 2,409 crore in revenue and INR 245 crore in profit, already exceeding its full-year FY2025 profit.

The company also accounted for around 11% of all digital unsecured personal loan sanctions in India in FY2025, highlighting its growing position in the country’s digital lending market.

How Moneyview Plans to Use the INR 1,500 Crore IPO Funds

Moneyview plans to use the funds raised from the fresh issue to strengthen its lending ecosystem and expand operations.

Key allocations include:

• INR 650 crore to support loan disbursals under default loss guarantee (DLG) arrangements
• INR 450 crore investment in subsidiary Whizdm Finance to strengthen its capital base
• Remaining funds for general corporate purposes and business expansion

The IPO is being managed by investment banks including Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Company.

Current Status of Moneyview IPO

The IPO is currently at the DRHP stage, where SEBI will review the company’s draft documents before approving the public issue.

Once the regulator clears the filing, Moneyview will announce the IPO dates, price band, and final issue size.

With strong profitability, a large user base, and a focus on underserved markets, Moneyview’s listing could become one of the most closely watched fintech IPOs in India’s startup ecosystem in 2026.