Fintech unicorn Moneyview sets $400-mn IPO in motion

The firm has appointed bankers for the listing as regulatory scrutiny intensifies on fintechs

- Mansi Verma & Ranjani Raghavan

Fintech unicorn Moneyview, which is backed by Apis Partners, has tapped bankers for an initial public offering worth more than $400 million, two people aware of the matter told Mint.

The Bengaluru-headquartered company has appointed Axis Capital Ltd and Kotak Mahindra Capital Co. Ltd for the IPO, one of them said.

"The company has ₹15,000 crore in assets under management, among the largest in terms of new-age lending players," this person added. Primary capital will make up a majority of the issue, the second person said.

Moneyview declined to comment, while queries sent to Axis, and Kotak, remained unanswered at the time of publishing.

Founded in 2014 by Sanjay Aggarwal and Puneet Agarwal, Moneyview offers a range of financial products including personal and home loans, credit cards, credit score tracking, motor insurance, and loans against property. The firm became a unicorn in September 2024 after raising capital from Accel and Nexus Venture Partners at a valuation of $1.2 billion.

The company's public listing plan comes as several mid-sized fintech firms—particularly those with valuations under $1 billion—are preparing to go public, despite volatile markets and mixed investor sentiment. As