Fintech lender Moneyview files DRHP with Sebi for IPO, seeks to raise Rs 1,500 crore via fresh issue

Synopsis The company plans to pump in Rs 450 crore to capitalise its in-house NBFC and use another Rs 650 crore to support loan disbursals through partner lenders under the first loss default guarantee (FLDG) programme. Accel-backed fintech lending startup Moneyview has filed its draft documents for a public listing. The company is looking to raise Rs 1,500 crore in a fresh issue and has an offer for sale for 136 million equity shares. According to details released by the company, promoters Sanjay and Puneet Agarwal, along with existing investors Accel, Apis Partners and Ribbit Capital, are selling shares in the offer. The company plans to pump in Rs 450 crore to capitalise its in-house NBFC and use another Rs 650 crore to support loan disbursals through partner lenders under the first loss default guarantee (FLDG) programme. While its primary offering is consumer loans, Moneyview has also diversified into investments, transactions and insurance products. Founded in 2014, Moneyview has raised $213 million in equity funding and was last valued at $1.2 billion in 2024, after it closed a small $4.6 million funding round from existing investors. The company has appointed Axis Capital, Bank of America, MUFG Kotak and IIFL Capital as its book running lead managers. Moneyview has around 125 million customers, of which around 10 million have been monetised. The company works with 42 financial services companies, including banks, insurers and non-banking lenders. While Moneyview processes part of the loans through its wholly-owned lending subsidiary WFPL (WhizDM Finance), a large chunk of the business is also passed on to its partner lenders. Between April 2025 and December 2025, the company disbursed Rs 16,299 crore. Revenue during the same time period stood at Rs 2,373 crore and its net profit for the first nine months of the current fiscal stood at Rs 209 crore. The startup closed FY25 with an operating revenue of Rs 2,339 crore and a net profit of Rs 240 crore. The company has been reporting consistent profits for the last three financial years. Interestingly, of its operating revenue till December 2025, the company got Rs 1,337 crore from fees and commissions. Interest income, which is a core revenue generator for a lending company, stood at Rs 934 crore. Talking about its asset quality, Moneyview said in its draft documents that it has managed to rein in losses at an annualised level to 6.9% from 7.9% in FY24. Citing a Redseer report, Moneyview said that at the industry level, the annualised loss rate stood at 9.35%. The company employs around 702 people, with 371 in the technology team and the rest in operations and other functions. Moneyview aims to widen monetisation of its current user base by cross-selling new products and offering different types of financial services to clients. The company has launched secured credit, home loans, digital gold, and insurance along with a fixed deposit marketplace, UPI and bill payments to create a full-stack financial services platform. According to data shared by the National Payments Corporation of India, Moneyview processed around 2.6 million UPI transactions in January, settling around Rs 145 crore in value terms. (Catch all the Technology News News, and Latest News Updates on The Economic Times.) ...more