In a significant development for India’s maturing fintech ecosystem, Bengaluru-based lending tech unicorn Moneyview has formally joined the IPO queue. Axis Capital and Kotak Mahindra Capital Company are appointed as lead managers to manage seamless IPO process. Moneyview IPO could be worth around INR 3,400 crore (~USD 400 million).
This move positions Moneyview among a growing cohort of new-age tech startups aiming to go public amid a resurgence in investor appetite and renewed activity in India’s public markets.
Moneyview IPO Details
According to industry reports, the majority of the proposed IPO will comprise a fresh issue, signaling the company’s intent to raise substantial primary capital to fuel its expansion plans. An Offer for Sale (OFS) component is also expected, allowing some of its early investors to pare down their holdings.
Backed by prominent global investors such as Tiger Global, Accel India, Nexus Venture Partners, Apis Partners, Lok Capital, Rockstone, Evolvence India, and Crimson Winter, Moneyview IPO is likely to draw strong institutional interest.
Journey of Moneyview
Moneyview was founded in 2014 as a personal finance platform by Puneet Agarwal and Sanjay Aggarwal. The company started digital lending in 2019 and then never look back. Currently, it is a full-stack financial services provider. The company’s offering include Home Loans, Personal Loans, LAP, Credit Cards, Insurance, and many more. UPI payments and gold SIP are the recent addition to their services.
The company got unicorn crown in September 2024 after a funding round led by Accel and Nexus Ventures, valued at INR 10,100 crore (USD 1.2 billion).
Apart from its organic growth, Moneyview has done acquisitions to expand its offerings. In 2024, it acquired salary advance startup Jify, which works with over 250 blue-chip companies, further strengthening Moneyview’s employer-focused lending capabilities.
Strong Financials and Asset Growth
Moneyview has shown strong financials. For FY24, the company reported:
- Revenue: INR 1,012 crore (up 75% YoY from INR 576.8 crore in FY23)
- Net Profit: INR 171.2 crore (up from INR 162.6 crore in FY23)
The company has been profitable since FY22, unlike many of its fintech peers who are still prioritizing growth over profitability. Notably, Moneyview has Assets Under Management (AUM) of over INR 15,000 crore, making it one of the largest new-age digital lenders in the country.
IPO Wave: Fintech Surge
Moneyview IPO comes at a time of revival in public market interest for fintechs, driven by easing regulatory frameworks, rebound in private funding and improving unit economics of late-stage startups.
After a lull in 2022 due to valuation resets and global funding winter, the Indian fintech space has seen a revival. While total funding dipped by 15% YoY to USD 2.5 billion (~INR 21,334 crore) in 2024, it jumped 60% YoY to USD 739 million (~INR 6,306 crore) in Q1 2025, indicating investor confidence is back.
Moneyview joins the growing list of fintechs going public including Razorpay, PhonePe, Pine Labs, KreditBee, Turtlemint, PayU India, Kissht and Avanse Financial Services. The overall tech IPO space is heating up too with over 20 startups — including Zepto, Physics Wallah, Urban Company and boAt — expected to list in 2025.
Conclusion
With strong financials, diversified offerings and profitable track record, Moneyview IPO will be a benchmark for the fintech space’s public market prospects. The success of its listing will also set the tone for other late-stage startups considering IPOs as India’s capital markets are on a roll.
As Moneyview gets ready to list, all eyes will be on investor response and pricing which will be a test for the valuation appetite in India’s next phase of tech-led financial inclusion.
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