Fintech Lender Plans Fresh Issue and OFS as It Prepares for Public Listing
Bengaluru-based fintech lender Moneyview has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise ₹1,500 crore through an initial public offering. The proposed IPO will include a fresh issue of equity shares worth ₹1,500 crore along with an offer for sale of up to 13.6 crore shares by existing shareholders.
Promoter and co-founder Puneet Agarwal will participate in the OFS alongside early investors such as Accel, Ribbit Capital, and Apis Partners. The company is also evaluating a pre-IPO placement of ₹300 crore ahead of the public issue.
Capital Deployment to Strengthen Lending and NBFC Operations
Moneyview plans to use ₹650 crore from the fresh issue to support loan disbursals through Default Loss Guarantee arrangements. Another ₹450 crore will be infused into its NBFC subsidiary Whizdm Finance to strengthen its capital base, while the remaining funds will be allocated toward general corporate purposes.
The IPO is being managed by Axis Capital, IIFL Capital Services, BofA Securities India, and Kotak Mahindra Capital Company as merchant bankers, with MUFG Intime India serving as registrar.
Credit-Focused Fintech Expands Across Underserved Markets
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform offering personal loans, credit score tracking, insurance distribution, and other financial products. The platform primarily targets new-to-credit and underserved consumers across India.
The company claims a user base of more than 125 million and works with over 40 financial institutions including banks, NBFCs, and insurers to distribute financial services.
Moneyview reported operating revenue of ₹2,379 crore and net profit of ₹240 crore in FY25, while revenue reached ₹2,409 crore with ₹245 crore profit in the nine months ended December 2025.
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