Mo͏neyvi͏ew IPO͏

Moneyview Limited has established itself as a leading fintech platform in India, fundamentally changing how individuals access and manage financial services. The company’s mission is to make credit accessible to all through a technology-driven, user-centric approach.

The Platform and Its Reach:

• Two-Sided Network: Moneyview operates a powerful two-sided network, connecting over 125.49 million Registered Users with 42 Financial Partners, including banks, NBFCs, and insurers.

• Pan-India Presence: With a presence in 99.55% of Indian pin codes, the company operates entirely without physical branches, relying on its robust digital infrastructure.

• Scale of Operations: The platform processes close to 200,000 loan applications per day with minimal human intervention, showcasing its technological prowess.

Product Offerings:

The company’s core offering is personal loans, but it has strategically expanded its suite of financial products to capture a larger share of the user’s financial lifecycle. These include:

• Credit Monitoring: Tools to help users track and improve their credit scores.

• Expense Tracking & Financial Planning: Features that help users manage their personal finances.

• New Products: In Fiscal 2025, the company launched eight new products, including earned wage access, home loans, loans against property, credit cards, health and auto insurance, digital gold, and UPI bill payments.

Business Model and Financial Discipline:

Moneyview’s business model is built on scalability and resilience. It has demonstrated consistent growth across key metrics, with total income increasing by 71.21% from Fiscal 2024 to Fiscal 2025. The company has simultaneously improved its profitability, with profit before tax rising by 60.97% over the same period. This financial discipline, combined with its capital-light structure, has resulted in a high annualized Return on Equity of 15.98% for the nine months ended December 31, 2025, underscoring its capital efficiency and sustainable growth trajectory.

Industry Outlook

Moneyview Limited operates in India’s rapidly expanding digital lending industry, a sector poised for exponential growth. The Indian fintech market is being driven by a powerful confluence of factors. The country’s young population, rising disposable incomes, and increasing digital literacy are leading to a surge in formal credit demand. This is underpinned by the proliferation of digital public infrastructure like UPI and Aadhaar, and a growing comfort with mobile-first platforms.

The personal loan market is projected to expand to ₹28–31 trillion by Fiscal 2030, with the digital personal loans segment expected to grow at a robust CAGR of 27-29% over the period from Fiscal 2025 to Fiscal 2030.

Within this landscape, the demand for instant, unsecured credit is particularly high. Regulatory developments, such as the RBI’s Digital Lending Guidelines and the expansion of the co-lending framework, have created a clearer operating environment. This clarity is encouraging greater participation from established banks and well-capitalized NBFCs, who are increasingly partnering with technology-led platforms for customer acquisition and loan servicing.

This trend is expected to accelerate the adoption of platform-based models, creating significant growth opportunities for digital lending platforms like Moneyview. The industry’s shift towards a capital-light model further supports scalable growth, as evidenced by the strong performance of leading players in the space.

How Will Moneyview Limited Benefit

• The company is poised to capitalize on the projected 27-29% CAGR of the Indian digital personal loan market, offering significant headroom for loan volume growth.

• By expanding its registered user base from 125 million towards the projected 1 billion smartphone users in India by 2030, Moneyview can significantly increase its market penetration.

• Its capital-light LSP model positions it perfectly to benefit from the increasing participation of banks and NBFCs in the co-lending framework, expanding its partner network and fee income.

• The launch of eight new financial products in Fiscal 2025 allows Moneyview to cross-sell to its existing user base, increasing user lifetime value and reducing customer acquisition costs.

• Deepening investments in AI will enhance operational efficiency, further reducing its marketing and operating costs as a percentage of income, thereby driving margin expansion.

• As its credit rating improves (recently upgraded to ‘A-minus’), the company can reduce its cost of capital, enhancing profitability and financial resilience.

Peer Group Comparison

Name of Company	Face Value (₹)	Revenue (in ₹ million)	EPS (₹)	NAV (₹ )	P/E	RoNW (%)
Moneyview	1	23,391.46	1.60	12.98	N.A.	12.52
Peer Group
PB Fintech Limited	2	49,772.10	7.77	140.18	193.77	5.49
One97 Communications Limited	1	69,004.00	(10.35)	235.12	NA#	(4.42)
Bajaj Finance Limited	2	696,835.10	268.94	1,593.67	37.24$	16.96
SBI Cards and Payment Services Limited	10	180,722.20	20.15	145.62	38.62	13.83

Key Strategies for Moneyview Limited

Expand the Registered User Base

Moneyview Limited aims to expand its registered user base by capturing a larger share of India’s growing smartphone user population. It plans to achieve this through a holistic marketing strategy that includes optimizing performance marketing, increasing brand-building initiatives, expanding partnership channels, and leveraging the acquisition of Jify to access employee populations via corporate partnerships, all while improving marketing efficiency.

Increase User Monetization and Personal Loan Volumes

The company intends to drive monetization by converting a higher percentage of its registered users into active borrowers. It will focus on improving product personalization and leveraging repeat loan growth, which has already increased from 29% in Fiscal 2023 to 59% in the recent period. This strategy aims to sustain the 45.93% CAGR in loan disbursals achieved from Fiscal 2023 to 2025.

Expand the User Lifetime Value Through Multi-Product Relationship

Moneyview plans to evolve into a comprehensive fintech app by broadening its product offerings beyond personal loans. By cross-selling new products like home loans, credit cards, and insurance to its existing user base, the company aims to capture a larger share of the user’s financial lifecycle, thereby enhancing user lifetime value and building deeper, long-term customer relationships.

Deepen Financial Partner Ecosystem for Product and Market Expansion

A key strategy is to strategically onboard new financial partners, including banks and NBFCs, to expand product breadth and market reach. By strengthening its network for lending, insurance, and payments, Moneyview aims to offer a wider suite of solutions. Deepening relationships with existing partners to offer multiple products will further solidify its platform’s value proposition.

Continue to Invest Heavily in AI to Improve Operational Efficiencies

Moneyview will continue to heavily invest in AI to enhance all aspects of its operations. This includes using AI to simplify user onboarding, improve credit evaluation models, power empathetic AI voice-bots for collections, and deliver 24/7 customer support. These AI-driven initiatives are expected to drive employee productivity, automate workflows, and expand operating leverage.

Drive Income Growth and Cost Efficiency to Further Enhance Profitability

The company’s final strategy is to focus on sustained financial improvement. It aims to drive income growth through user and volume expansion, improve operational efficiency by reducing marketing and operating costs, strengthen credit quality through advanced data models, and reduce the cost of capital by diversifying its lender base and leveraging its improved credit rating.