Bengaluru-based fintech unicorn Moneyview is preparing to make its public market debut with an initial public offering (IPO) estimated at over $400 million. Backed by Apis Partners and valued at $1.2 billion, the company’s IPO ambitions reflect a broader wave of fintech players heading to the bourses despite uncertain market conditions and increasing regulatory scrutiny.
IPO Plans and Strategic Moves
Moneyview has roped in investment banks Axis Capital Ltd and Kotak Mahindra Capital Co. Ltd to manage its public listing. According to sources familiar with the development, a significant portion of the IPO will be primary capital, suggesting a strong focus on fundraising to support growth and compliance needs. With ₹15,000 crore in assets under management, Moneyview stands out as one of the most sizable new-age lending platforms in India.
While the company and the appointed bankers have declined to comment, insiders indicate that this move is strategic—not only for liquidity but also for enhancing institutional credibility.
From Startup to Unicorn: The Moneyview Journey
Founded in 2014 by Sanjay Aggarwal and Puneet Agarwal, Moneyview has carved a niche in digital financial services. Its offerings span personal and home loans, credit cards, credit score tracking, loans against property, and motor insurance. The startup entered unicorn territory in September 2024 after a funding round led by Accel and Nexus Venture Partners.
The company has so far secured around $188 million in funding from notable investors including Apis Partners, Amica Financial Technologies, VCAPL, and Qed Innovation Labs.
Strong Financials Fuel Public Market Confidence
Moneyview’s financial performance further bolsters its IPO case. For FY24, it posted a 75% surge in revenue to ₹1,012 crore, up from ₹577 crore in FY23. Profits remained steady with a modest rise in profit after tax to ₹171 crore, compared to ₹163 crore the previous year. While a detailed revenue breakdown hasn’t been disclosed, personal loans account for the bulk of the company’s income.
The fintech also made waves by entering the UPI space in 2025, taking on heavyweights like PhonePe and Paytm, and newer contenders like Navi and Super Money.
Regulatory Vigilance and Industry Headwinds
Despite robust numbers, fintech IPOs remain fraught with challenges. Experts note that regulatory attention from the Reserve Bank of India (RBI) has intensified, especially around unsecured lending and subprime consumer credit. Following rising non-performing assets (NPAs) in microfinance and increasing reliance on personal loans to refinance high-interest credit card debt, the RBI has become more watchful.
A venture capital investor emphasized that investors and regulators alike are keeping a close eye on NPA levels, which could significantly influence IPO valuations. Many fintechs, including Moneyview, are thus turning to public markets not just for capital but for legitimacy and sustained access to debt funding.
Broader Fintech IPO Momentum
Moneyview’s IPO is part of a broader trend among mid-sized fintech firms—especially those with sub-billion-dollar valuations—eyeing the public markets. Companies like KreditBee, Kissht, and Turtlemint are also navigating IPO paths, each hoping to stand out in a competitive yet cautious funding landscape.
According to Pearl Agarwal, founder and managing partner at Eximius Ventures, fintech companies must remain agile and proactive in regulatory engagement. “Despite challenges, public markets offer a significant opportunity for fintechs to generate long-term shareholder value,” she said.
Looking Ahead
Moneyview’s public offering will serve as a bellwether for the Indian fintech sector, testing both investor appetite for new-age lenders and the sector’s ability to navigate regulatory and market risks. With strong fundamentals and a proven growth trajectory, the company appears well-positioned to capitalize on the next phase of its journey.
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