Moneyview Joins IPO Rush, Taps Bankers For INR 3,400 Cr Issue
Inc42 May 13, 2025 11:39 PM

Fintech unicorn Moneyview is the latest new-age tech startup to join the frenetic rush to launch an initial public offering, as it looks to capitalise on the maturing Indian startup ecosystem and a boom in the IPO market.

The Tiger Global-backed startup has roped in Axis Capital, Kotak Mahindra Capital Company, among others, as bankers for its proposed IPO, seeking to raise over $400 Mn (around INR 3,411.3 Cr ), Mint reported.

Citing sources, the report suggested that the lion’s share of Moneyview’s proposed issue will likely be the fresh issue component. It is also expected to have an offer-for-sale component (OFS) that will see existing investors offload shares of the company.

Moneyview declined to comment on Inc42’s queries on the development. Axis Capital could not be reached out for a comment.

Moneyview On Expansion, Acquisition Spree

Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview began its journey in 2016 as a personal finance service provider. In 2019, it diversified into the digital lending space, where it lock horns with the likes of listed fintech giant MobiKwik, IPO-bound Navi and MoneyTap, among others.

In September last year, the lending tech startupfrom Accel India and Nexus Ventures. The round also saw Moneyview acquiring fintech startup Jiffy through a share swap agreement.

In March 2025, it extended the breadth of its digital offerings to include UPI payments and gold SIP. It currently offers a comprehensive range of financial products, including fixed deposits, digital gold, home loans and loans against property and insurance.

Its public listing plans come at a time when its assets under management have reportedly grown to north of INR 15K Cr, making it one of the biggest digital lending solutions providers in the country.

While Moneyview has yet to disclose its earnings for FY25, it , up 5% from INR 162.6 Cr in the fiscal prior. Operating revenue surged 75% to INR 1,012 Cr during the year from INR 576.8 Cr in FY23.

2022 Vs 2025: Fintech Startup IPOs See Dramatic Recovery

Amid a prolonged funding winter and valuation corrections, fintech startup IPOs fell off a cliff in 2022. However, investor interest in fintechs has surged significantly. While funding for fintech startups in India declined 15% year-on-year (YoY) to $2.5 Bn in 2024, it (Jan-March).

Amid a dramatic recovery in funding, boom in the IPO market and easing regulatory environment, fintech startups are making a beeline to list on bourses. Besides Moneyview, the likes of , PhonePe, , PayU India, KreditBee, Turtlemint, Kissht, Avanse Financial Services, are also in the fray for a public listing soon.

The fintech startup IPO rush is part of a broader trend, with more than 20 new-age tech companies looking to go public as soon as 2025. This includes firms like Zepto, Physics Wallah, Urban Company, boAt, among others.

 

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