Moneyview Files Rs 3,000 Crore IPO
Accel-backed fintech unicorn Moneyview Limited filed its draft prospectus for a Rs 3,000 crore IPO, drawing attention amid India's growing business process outsourcing market. The move highlights fintech IPO momentum as analysts debate IT sector futures. Traders are eyeing fintech battles between $HOOD, $SOFI, and $GS alongside broader tech sector IPO chatter.
Founded in 2014 by IIT alumni Puneet Agarwal and Sanjay Aggarwal, Moneyview initially launched as an expense tracking app. The founders pivoted to digital lending after identifying a vast, underserved market of "credit invisibles" in smaller Indian cities who lacked access to formal credit. The company's core innovation is an AI-powered risk engine that analyzes alternative data points like SMS alerts and utility payments to assess creditworthiness. This mobile-first, paperless approach allows for instant loan approvals, primarily targeting the "middle India" demographic, with 75% of its users coming from Tier II and III cities. The IPO consists of a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. Co-founder Puneet Agarwal and early investors like Accel, Ribbit Capital, and Apis Partners are slated to sell shares in the OFS. Financially, the company has shown strong growth, reporting a net profit of Rs 210 crore on revenues of Rs 2,373 crore for the first nine months of the 2026 fiscal year. For the full fiscal year 2025, Moneyview's revenue from operations jumped 74% to Rs 2,339 crore, with a net profit of Rs 240.3 crore. Prior to the IPO filing, Moneyview had raised over $220 million across 11 funding rounds from prominent investors including Tiger Global Management and Nexus Venture Partners. The company achieved unicorn status, a valuation over $1 billion, in 2024. The platform has expanded beyond personal loans to offer a suite of financial products including home loans, credit cards, gold investments, and insurance. Moneyview serves over 65 million users and has disbursed thousands of crores in loans across more than 18,400 pin codes in India.
