Bengaluru: Moneyview has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), marking a significant step in the fintech unicorn’s journey toward public markets.
The proposed IPO will consist of a fresh issue of equity shares worth ₹1,500 crore, along with an offer for sale (OFS) of up to 13.61 crore equity shares by existing shareholders. The offering aims to strengthen the company’s lending operations and support its growth strategy in India’s rapidly expanding digital credit ecosystem.
According to the DRHP, the net proceeds from the fresh issue will primarily be deployed to scale the company’s lending business. Of the ₹1,500 crore, around ₹650 crore will be allocated to drive growth in loan disbursals under default loss guarantee (DLG) arrangements. Additionally, ₹450 crore will be infused into the company’s NBFC subsidiary, Whizdm Finance Pvt Ltd, to strengthen its capital base and support future lending expansion.
Founded in 2014, Moneyview operates a digital-first lending model focused on providing unsecured personal loans to underserved and new-to-credit customers across India. The company has built its platform to leverage alternative data and technology-driven credit assessment to reach borrowers who often lack access to traditional banking channels.
Also Read: KreditBee Eyes $120 Million Pre-IPO Fundraise at Unicorn Valuation
Moneyview partners with banks and non-banking financial companies (NBFCs) to originate loans through its mobile app and website while also extending credit directly through its NBFC arm, Whizdm Finance. The company’s hybrid model allows it to scale loan distribution while maintaining control over a portion of its lending portfolio.
The IPO filing reflects the growing momentum among India’s fintech startups seeking to tap public markets as digital lending adoption continues to rise across the country.
