MoneyView, one of India’s fastest-growing digital lending and personal finance platforms, is gearing up for a public listing targeted for 2025–26. The Bengaluru-based fintech, backed by Tiger Global, Accel, Winter Capital, and Evolvence, has quietly built one of the strongest financial track records among Indian startups — turning profitable three years in a row while scaling its lending book to over INR 12,000 crore.
Now, as it prepares to enter the capital markets, MoneyView is targeting a public listing in 2025–26. MoneyView IPO aims to raise approximately INR 3,400–3,420 crore (~USD 400 million) primarily through a fresh issue, with a potential secondary share sale (OFS). The company is eyeing a valuation of USD 1.8–2.2 billion, building on its September 2024 valuation of ~USD 1.2 billion (INR 10,100 crore).
💰 MoneyView IPO Updates
| Parameter | Details |
|---|---|
| MoneyView IPO Dates | Public listing is expected in 2026 |
| Estimated Valuation | ~INR 20,000 crore |
| Expected Issue Size | ~INR 2,000–2,500 crore |
| Type of Issue | Fresh issue + Offer for sale |
| Lead Managers | Kotak Mahindra, ICICI Securities, Axis Capital |
| Key Investors | Tiger Global, Accel, Winter Capital, Evolvence, Ribbit Capital |
| Profitability | Profitable since FY21 |
| Primary Use of Proceeds | Expanding loan book, strengthening AI-driven credit systems, and technology investments |
MoneyView IPO News
August 2025 — Ind-Ra Rating Upgrade & MoneyView IPO Dates
India Ratings & Research (Ind-Ra) upgraded MoneyView (formerly MoneyView Pvt. Ltd.) to ‘IND A-/Stable’ from ‘IND BBB+’, citing sustained profitability, technology-led scalability, and prudent credit risk control. MoneyView also formally converted into a public limited company on 10 June 2025. MoneyView began formal discussions with investment bankers to finalize its DRHP and commence IPO documentation, marking a structural shift in preparation to go public. MoneyView IPO is expected in early 2026.
April 2025 — MoneyView FY25 Results
- Total Assets Under Management (AUM) on the MoneyView platform stood at INR 16,700 crore as of March 2025, growing at a CAGR of 127.8% (FY22–FY25). WFPL’s AUM doubled year-on-year to INR 4,270 crore (FY25) from INR 2,000 crore (FY24).
- Consolidated net profit grew 40% YoY to INR 240 crore, maintaining a Return on Average AUM of 1.8%.
- The Pre-Provision Operating Profit (PPOP) buffer improved to 1.31×, while credit costs remained steady at 5.7%. MoneyView’s consolidated leverage ratio stood at 1.9×, with tangible net worth of INR 1,840 crore and a strong capital adequacy ratio of 24.3% for WFPL.
January 2025 — RBI NBFC License Expansion
The Reserve Bank of India granted MoneyView an expanded NBFC authorization, allowing the firm to operate directly in secured lending and SME finance segments, in addition to its personal loan business. This regulatory approval strengthened its diversification and operational autonomy ahead of Moneyview IPO filing.
December 2024 — Entry into Credit Cards & BNPL
MoneyView launched FlexiCredit, integrating personal loans with Buy Now, Pay Later (BNPL) flexibility, while introducing co-branded Visa credit cards in partnership with SBM Bank India. This expanded MoneyView’s ecosystem into full-spectrum digital credit — from microloans to consumer cards.
August 2024 — USD 50 Million Funding Round
The company raised USD 50 million in a strategic funding round led by Tiger Global and Accel Partners, pushing its valuation close to USD 1.9 billion. Funds were allocated to expand SME and secured lending, strengthen AI-driven credit scoring, and enhance capital adequacy before the MoneyView IPO.
March 2024 — FinBox Integration for Risk Tech Upgrade
MoneyView acquired assets from FinBox, integrating its API-based credit infrastructure and real-time risk analytics engine. This acquisition helped bring NPA levels below 1.3%, reduced approval times, and improved underwriting accuracy.
MoneyView IPO News (2023) — Growth and Profitability Consolidation
FY23 was a pivotal year for MoneyView, delivering INR 1,270 crore in revenue and INR 220 crore in net profit — the second consecutive profitable year. Disbursements reached INR 8,700 crore, serving over 40 lakh borrowers through digital co-lending partnerships. A major tie-up with HDFC Bank expanded its personal loan offering, helping MoneyView emerge as India’s third-largest digital NBFC after KreditBee and Navi.
October 2022 — Launch of MoneyView Partner Platform
MoneyView introduced MoneyView Partner, a B2B credit-as-a-service (CaaS) platform for NBFCs and fintechs, offering API-based onboarding, credit evaluation, and loan management. This innovation diversified MoneyView’s revenue model and cemented its role as a credit infrastructure provider.
MoneyView IPO News (2022) — Unicorn Entry and Global Investor Backing
In 2022, MoneyView raised USD 75 million (~INR 665 crore) in Series E round from Tiger Global, Winter Capital, and Evolvence, nearing a USD 900 million valuation. Proceeds supported co-lending expansion with HDFC Bank, IDFC First, and DMI Finance, as well as regulatory readiness for a future listing.
Mid-2021 — 25 Million App Downloads Milestone
MoneyView’s personal finance app crossed 2.5 crore installs, expanding its user base in Tier-I and Tier-II cities and building a strong funnel for lending adoption.
2021 — Turning Point: Profitability & Product Scale
MoneyView turned profitable for the first time in FY21, propelled by the success of MoneyView Loans, offering instant, paperless personal loans of up to INR 5 lakh. Its proprietary AI credit scoring model — using banking, SMS, and transactional data — expanded access to underserved borrowers outside traditional credit bureau visibility.
2019–2020 — Strategic Pivot to Lending
Transitioned from a financial tracking app to a digital lending NBFC platform during 2019–2020.
Despite COVID-19 headwinds, MoneyView maintained strong asset quality and digital collection efficiency, proving operational resilience.
2018 — Series C Funding & Platform Build-Out
Raised USD 10 million (~INR 89 crore) in Series C funding led by Tiger Global and Accel Partners, channeling capital into credit modeling, product development, and internal risk systems — paving the way for the lending business.
2016–2018 — Building the Financial Ecosystem
MoneyView enhanced its personal finance app with EMI tracking, expense categorization, and credit score management, surpassing 5 million users by 2018. This period established its credibility as India’s most-used personal finance management app.
2014 — Founding & Vision
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, MoneyView began as a personal finance tracking platform to help users manage expenses and credit. The founders identified India’s credit access gap early, gradually evolving the app into a technology-led lending platform serving both salaried and self-employed individuals.
🏗️ Business Model & Growth Strategy
MoneyView operates as a full-stack digital credit platform, offering personal loans, credit lines, financial management tools, and co-lending services. Its competitive advantage lies in its AI-driven underwriting and alternate credit scoring models that enable near-instant lending decisions for underserved borrowers.
Key Growth Drivers:
- Proprietary risk engine analyzing over 20,000 data points per user.
- Co-lending partnerships with 20+ NBFCs and banks.
- Expanding secured loan and SME credit segments.
- Integration of cards, BNPL, and credit tracking in one ecosystem.
The platform also generates significant recurring revenue through co-lending fees, interest spreads, and technology licensing.
⚖️ Valuation, Investors & IPO Outlook
MoneyView IPO is expected to be priced around a USD 2 billion valuation, reflecting both profitability and scalability.
Key investors include Tiger Global, Accel, Winter Capital, Evolvence, and Ribbit Capital.
The company plans to use IPO proceeds to:
- Expand its loan book and secured lending base,
- Strengthen its AI-based risk architecture, and
- Enter new regional markets.
Industry analysts expect MoneyView to file its DRHP by late 2025 or in early 2026, with a potential listing in early 2026. If successful, it will likely become India’s first consistently profitable fintech IPO, setting benchmarks for governance, credit performance, and sustainable growth.
Conclusion
From a modest money management app to a INR 12,000-crore lending powerhouse, MoneyView’s journey reflects the rise of data-driven, responsible fintech in India. With three years of consecutive profits, disciplined credit quality, and a proven business model, the company stands apart in a sector often defined by cash burn and risk.
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