The archive · Money & Fintech · Strategic decision · 2014–2026
Moneyview's credit-led app bet: profitable since FY22, ₹1,500 Cr IPO filed
Bengaluru fintech that grew from money manager to digital lender — ₹19,814 Cr AUM and 125M users — files for a ₹1,500 Cr IPO.
Moneyview (Moneyview Limited)
What the business is
Moneyview runs a consumer finance app offering personal loans, UPI payments, bill payments, credit cards, credit-score tracking and insurance; loans are disbursed digitally through its own NBFC Whizdm Finance and bank and NBFC partners.
Starting capital：Became a unicorn in September 2024 after a fundraise involving Accel and Nexus Ventures (Entrepreneur India); the March 2026 DRHP seeks ₹1,500 Cr through a fresh issue plus a ₹300 Cr pre-IPO placement.
How it started
Moneyview was founded in 2014 in Bengaluru by IIT Delhi graduates Puneet Agarwal (MD and CEO) and Sanjay Aggarwal (executive director and CTO). The pair built the Moneyview app as a consumer finance product and launched its flagship digital personal loans in 2017, betting that a broad base of financially active app users could be converted into borrowers without branches or paperwork.
What happened
Moneyview scaled through bank and NBFC partnerships while keeping its own NBFC arm, Whizdm Finance. It has been profitable since FY22: FY25 revenue was ₹2,379 Cr with net profit of ₹240 Cr, and in the nine months ended December 2025 revenue reached ₹2,409 Cr with net profit of ₹245 Cr, already beating the full previous year. Operating expenses fell from 62.84% of total income in FY23 to 35.19% in the nine months ended December 2025, AUM stood at ₹19,814 Cr, and the company claimed roughly 11% of digital unsecured personal-loan sanctions in FY25. It became a unicorn in September 2024 in a round involving Accel and Nexus Ventures, the same period it acquired earned-wage-access platform Jify.
No ending yet — it is still running.
Background
Moneyview is a Bengaluru credit-led fintech that runs one of India's largest consumer finance apps, spanning personal loans, UPI payments, bill payments, credit cards, credit-score tracking and insurance. Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Aggarwal, it launched digital personal loans in 2017 and built the business on paperless, collateral-free lending to a mass-market user base.
The bet was that a finance app millions of people used to track money could become the acquisition channel and data moat for lending. The strategy worked: Moneyview says it has more than 125 million users, 79% of them from Tier 2 and smaller cities, covering 99.55% of Indian pin codes, and it has been profitable since FY22.
Scale came with discipline. FY25 revenue was ₹2,379 Cr with net profit of ₹240 Cr; in the nine months to December 2025 revenue hit ₹2,409 Cr with net profit of ₹245 Cr. Operating expenses fell from 62.84% of total income in FY23 to 35.19%, managed AUM reached ₹19,814 Cr, and the company claimed about 11% of India's digital unsecured personal-loan sanctions in FY25.
In March 2026 Moneyview filed a draft red herring prospectus for an IPO of ₹1,500 Cr in fresh shares plus an offer for sale of up to 13.6 crore shares, with ₹650 Cr earmarked for loans under default-loss-guarantee arrangements and ₹450 Cr to capitalise Whizdm Finance. It became a unicorn in September 2024 with Accel and Nexus Ventures involved in the round.
What has to be true
- The app-first model removed branch costs and paperwork from lending, letting a small underwriting team serve borrowers across nearly every pin code in India.
- Starting as a money-management tool gave Moneyview financial data and habitual users before it ever priced a loan.
- Profitability since FY22 set it apart in a fintech market where growth was usually bought with losses.
- Owning Whizdm Finance alongside NBFC partnerships let Moneyview keep risk and underwriting control while scaling disbursals.
What can be applied
Give the product away to own the relationship: the finance app earned users' data and trust cheaply, then converted that relationship into profitable lending.
Aftermath
As of 2026-03-05 Moneyview is a profitable fintech unicorn awaiting listing. Its DRHP proposes a ₹1,500 Cr fresh issue and an offer for sale of up to 13.6 crore shares by holders including co-founder Puneet Agarwal, Accel and Ribbit Capital, plus a ₹300 Cr pre-IPO placement; proceeds go to default-loss-guarantee lending (₹650 Cr) and capitalising NBFC subsidiary Whizdm Finance (₹450 Cr), with Axis, BofA Securities, IIFL Capital and Kotak as lead managers.
Sources
- Moneyview Limited files DRHP for ₹1,500 crore IPO
- IPO Watch: Moneyview files DRHP with SEBI, Seeks INR 1,500 crore
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