IPO-Bound Moneyview’s Q1 Profit Jumps 2.6X YoY To ₹173.8 Cr

Ahead of its IPO, digital lending platform Moneyview reported a 158.8% jump in its consolidated profit to ₹173.8 Cr in Q1 FY27 from ₹67.2 Cr in the year-ago quarter.

The Bengaluru-based fintech company’s operating revenue rose 50.2% to ₹1,041.1 Cr from ₹693 Cr during the quarter, according to its RHP.

Including other income of ₹24 Cr, Moneyview’s total income increased 51.5% to ₹1,065.1 Cr from ₹702.9 Cr.

EBITDA rose 88.1% to ₹424.3 Cr from ₹225.6 Cr in Q1 FY26. 

Fees and commission income, Moneyview’s largest revenue stream, climbed 61.5% to ₹632.9 Cr from ₹391.8 Cr. Its share of operating revenue increased to 60.8% from 56.5% in the year-ago quarter, driven by higher loan disbursals and managed AUM.

Interest income rose 36.9% to ₹387.2 Cr from ₹282.9 Cr, aided by a 32.4% increase in average gross loans to ₹5,614.4 Cr. It accounted for 37.2% of operating revenue, down from 40.8% a year earlier as fee income grew faster.

The remaining operating revenue comprised a ₹9.8 Cr gain on derecognition of financial assets and ₹11.3 Cr in other operating income.

Moneyview’s loan disbursals rose 40.3% to ₹7,152 Cr during Q1 FY27 from ₹5,099.3 Cr in the year-ago quarter. Its managed AUM increased 27.2% to ₹22,520.2 Cr as of June 30, 2026, from ₹17,707.8 Cr a year earlier.

Of the total managed AUM, ₹5,657.5 Cr was held on the books of its NBFC subsidiary Whizdm Finance, while the remaining ₹16,862.7 Cr was serviced for external lending partners.

For FY26, Moneyview’s operating revenue grew 43.3% to ₹3,351.2 Cr from ₹2,339.1 Cr in FY25. However, its consolidated profit increased just 1% to ₹242.7 Cr from ₹240.3 Cr due to exceptional losses of ₹206.7 Cr. 

The exceptional items included a ₹160 Cr one-time performance-linked incentive paid to cofounder, MD, and CEO Puneet Agarwal and a ₹46.65 Cr loss arising from a cyber incident at Whizdm Finance.

Excluding exceptional items, Moneyview’s FY26 profit rose 65.4% to ₹397.3 Cr.

How Does Moneyview Make Money? 

Founded by Puneet Agarwal and Sanjay Aggarwal in 2014, Moneyview operates a digital financial services platform focused on what it calls “Middle India” — households with annual incomes ranging from ₹3 Lakh to ₹11 Lakh. 

For personal loans, the startup functions as an LSP for banks and NBFCs. It helps lending partners with customer onboarding, credit evaluation, loan origination, collections, and servicing, earning fees and commissions in return.

Moneyview also provides loans through Whizdm Finance, its wholly owned NBFC subsidiary. Loans disbursed from the subsidiary’s balance sheet generate interest income for the startup.

Its personal loan offering remains its primary business, but the startup has expanded into credit cards, earned-wage access, home loans, loans against property, insurance, digital gold, UPI payments, and bill payments.

Moneyview had 140.28 Mn registered users as of June 30, as against 114.38 Mn a year earlier. Its monetised user base grew 46.2% to 11.9 Mn from 8.14 Mn during the period.

Nearly 80% of the startup’s monetised users lived in Tier II and smaller cities. Their average age was 32 years, while their average monthly income stood at about ₹46,518. The startup offered financial products through 48 financial partners as of June 30.

A Closer Look At Moneyview’s Expenses In Q1

Moneyview’s total expenses rose 35.7% to ₹832.3 Cr in Q1 FY27 from ₹613.2 Cr in the year-ago quarter.

Here is a breakdown of the company’s major expenses during the quarter. 

• Employee Benefit Expenses: Employee costs, which comprise salaries, wages, bonus, gratuity expense, provident and other funds, rose 52.6% to ₹93.4 Cr during the period under review, from ₹61.2 Cr in Q1 FY26.
• Impairment Of Financial Instruments: Impairment expenses rose 30.4% to ₹261.4 Cr from ₹200.4 Cr and accounted for 31.4% of total expenses. This included ₹160.1 Cr in impairment allowances and write-offs related to loans on Whizdm Finance’s books and ₹101.3 Cr in expenses related to default loss guarantee arrangements. 
• Finance Costs: Expenses such as interest on borrowings, interest on lease liabilities and bank charges constituted 22.6% of the total expenses. Finance costs stood at ₹188.1 Cr in the June quarter, up 40.9% increase from ₹133.5 Cr a year ago.
  

Moneyview’s gross Stage 3 loan ratio stood at 2.72% as of June 30, marginally higher than 2.58% a year earlier but slightly lower than 2.74% at the end of FY26. Its net Stage 3 loan ratio improved to 0.59% from 0.65% a year earlier.

Moneyview IPO Details

Moneyview’s IPO will comprise a fresh issue of shares worth ₹750 Cr and an OFS of up to 10.05 Cr equity shares. The startup has fixed the price band at ₹32-₹34 per share.

At the upper end of the price band, the IPO will be worth ₹1,092 Cr and value the company at about ₹5,985 Cr ($624 Mn).

The IPO will open for subscription on September 24 (Thursday) and close on September 28 (Monday). Anchor investors can place bids on September 23 (Wednesday), while the company’s shares are expected to begin trading on the BSE and NSE on October 1 .

Cofounders Puneet Agarwal and Sanjay Aggarwal plan to offload up to 1.35 Cr shares worth ₹46.06 Cr each via the OFS. Other investors participating in the OFS include Tiger Global’s Internet Fund III, Accel India IV, Accel Growth IV, Crimson Winter, Ribbit Capital, NLI Strategic Venture Investment, TI JPNIN India Holdco, and DI Investment. 

Moneyview plans to use ₹325 Cr of the fresh issue proceeds to support loan disbursals under default loss guarantee arrangements. Another ₹250 Cr will be infused into Whizdm Finance to augment its capital base, while the remainder will be used for general corporate purposes.

Moneyview has raised more than $250 Mn to date from investors including Accel, Tiger Global and Ribbit Capital to date. Accel was its largest shareholder, with a 21.9% stake before the IPO.

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