Moneyview IPO

Moneyview is India’s largest full-stack digital personal lending platform by managed loans. Its assets under management (total loans managed on the platform) reached ₹22,520.17 crore as of June 30, 2026. With a 10.5% share of the digital personal loan market, it has built significant scale compared with competitors.

Its loan margin increased from 7.48% in FY24 to 8.55% in FY26 and 8.96% in the three months ended June 30, 2026. This helped net loan revenue reach ₹1,976.06 crore in FY26. Higher margins mean Moneyview keeps more income from each loan even as its disbursals grow.

Registered users grew to 140.28 million by June 30, 2026. Repeat borrowers accounted for 62.70% of total loan volume, up from 42.08% in FY24. This suggests more customers are returning to borrow again, which can reduce the cost of acquiring new users and increase customer value.

Moneyview runs a low-capital lending platform supported by 48 financial partners. More than 74% of its ₹22,520.17 crore loan book is funded off-balance-sheet by partner banks and financial firms. This lets Moneyview earn fees without having to put up large amounts of its own capital.

Total income grew 43.13%, from ₹2,378.53 crore in FY25 to ₹3,404.27 crore in FY26. Profit before exceptional items and tax rose 67.29% to ₹534.01 crore, showing that the business is growing quickly while also improving profitability.

Moneyview’s artificial intelligence models assess more than 100,000 data points to understand borrower risk. This helped bring its annualised loan loss rate down from 7.93% in FY24 to 6.95% in FY26, below the industry average of 8.29%.

More than 50% of Moneyview’s employees work in technology and data roles, helping automate loan approvals and processing. Operating expenses as a share of total income fell from 56.42% in FY24 to 34.84% in FY26, showing how its costs have become more manageable as the business has grown.

Moneyview relies heavily on ten big bank partners, who brought in 37.36% of its income in FY26 and 39.02% in Q1 FY27. If a key partner leaves or changes terms, Moneyview will give out fewer loans, earn lower fee income, and grow much slower.

Moneyview set aside ₹983.53 crore in FY26 for bad loans that people may not return, taking up 28.89% of its total income. This risk rises as its subsidiary company, Whizdm Finance, lends money directly and suffers all losses when borrowers fail to pay.

Serious bad loans (called Stage 3 non-performing loans, where payments stop) grew from 0.94% in March 2024 to 2.74% in March 2026, standing at 2.72% in June 2026. Higher defaults mean more money needs to be set aside as provisions, which can reduce earnings and cash flows.

Moneyview follows strict rules and promises to cover up to 5% of unpaid partner loan losses (Default Loss Guarantee). If the Reserve Bank of India tightens lending or safety capital rules for its finance arm, compliance costs will rise, making it harder to give out more loans.

South India makes up 36.87% of all loans Moneyview manages, equal to ₹8,302.08 crore in Q1 FY27. If southern states face local business trouble, floods, or new state laws, many borrowers might delay payments or fail to repay their loans completely.

Total borrowings stood at ₹5,260.74 crore as of June 30, 2026, with an average borrowing cost of 14.14%. A lower credit rating or tighter lending conditions could make borrowing more expensive, squeeze profit margins, and reduce the funds available for further lending.