Personal loan app Moneyview to launch Rs 1,500 crore IPO soon, files draft papers with SEBI

Bengaluru-based personal loan app Moneyview has filed its draft red herring prospectus (DRHP) with the securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore through an initial public offering (IPO).

According to the DRHP, the proposed IPO will comprise a fresh issue of equity shares worth Rs 1,500 crore, along with an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders.

Promoters Puneet Agarwal and Sanjay Aggarwal, along with early investors including Accel, Ribbit Capital and Apis Partners, will participate in the OFS.

The company is also evaluating a pre-IPO placement of up to Rs 300 crore. If completed, the size of the fresh issue may be reduced accordingly.

Moneyview has appointed Axis Capital, IIFL Capital Services, BofA Securities India, and Kotak Mahindra Capital Company as the book running lead managers, while MUFG Intime India will act as the registrar to the issue.

Use of proceeds and lending strategy

The company plans to utilise Rs 650 crore from the fresh issue to support loan disbursals through Default Loss Guarantee (DLG) arrangements with partner lenders. Another Rs 450 crore will be infused into its wholly owned NBFC subsidiary Whizdm Finance (WFPL) to strengthen its capital base. The remaining proceeds will be used for general corporate purposes.

Moneyview processes part of its loan book through Whizdm Finance, while a significant share of lending is routed through its network of partner banks and non-banking financial companies.

Between April 2025 and December 2025, the platform disbursed Rs 16,299 crore in loans.

Business model and product expansion

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform focused on serving new-to-credit and underserved consumers across India, particularly in Tier II and smaller cities.

The platform offers personal loans, credit score tracking, insurance distribution and other financial products, and has expanded into a broader financial services ecosystem including secured credit, home loans, digital gold, insurance products, a fixed deposit marketplace, UPI services and bill payments.

Moneyview said it has built a user base of over 125 million, of which around 10 million are revenue-generating customers. The company works with more than 40 financial institutions, including banks, NBFCs and insurers, to distribute financial products.

According to data from the National Payments Corporation of India (NPCI), the platform processed around 2.6 million UPI transactions in January 2026, settling approximately Rs 145 crore in value.

Financial performance and asset quality

Moneyview has reported steady growth in recent years and said it has remained profitable for the past three financial years.

For FY25, the company reported operating revenue of about Rs 2,379 crore and net profit of Rs 240 crore. For the nine months ended December 2025 (9MFY26), revenue stood at Rs 2,409 crore, while net profit reached Rs 245 crore.

In the same period, Rs 1,337 crore of operating revenue came from fees and commissions, while interest income stood at Rs 934 crore, reflecting the platform’s lending-driven model.

The company said it has improved asset quality, with annualised bad loans at 6.9%, compared with 7.9% in FY24. Citing a Redseer report, the company noted that the industry-level annualised rate stood at 9.35%.

Moneyview has raised around $213 million in equity funding to date and was last valued at about $1.2 billion in 2024, after raising $4.6 million from existing investors.

The company currently employs 702 people, including 371 in its technology team, with the rest working across operations and other functions.

Going forward, Moneyview plans to increase monetisation of its user base by cross-selling additional financial products and expanding its full-stack digital financial services platform.