Why Moneyview May Be the Most Important Fintech Story No One Is Talking About?

How much do you spend every month? Ask yourself this question. Do you know the breakdown of where every single rupee of yours is going? Well, if you know the breakdown, you are already on the right track, and you don’t need any app or tool. But what’s common with many people is personal finance management. Many people don’t have time or the discipline to manually track expenses; they need an easy digital tool. And exactly why Moneyview started. It was started in 2014 and founded by two IIT alumni, Puneet Agarwal and Sanjay Aggarwal. Moneyview started as a “Personal Finance Management” app, where users could track expenses, categorize spending, monitor bills, and attempt to budget better. Initially they gained traction, but what they realized later was, while expense tracking was useful, the founders realized this was not the real problem. As they dug deeper into the user behavior, they saw a different painful insight: the problem wasn’t just overspending; it was the lack of access to credit. Bills piled up, unexpected needs arose, but banks and formal lenders ignored a large pool of people. Suddenly, the pivot made sense. Around 2016, Moneyview began transforming from just being a personal finance management app to a digital lending platform. The rationale for the pivot is simple; they understood the core problem of India. Unlike the traditional lenders such as banks and other players, they didn’t focus only on salaried people with credit files. Instead, they began building what would become its core moat, a data-driven underwriting engine that could evaluate people with limited or no credit history. By using alternative data such as smartphone data, SMS alerts, bank balance, salary credits, EMIs, payment behavior, and more such digital behavior. This has helped them to target a wide range of audiences who are often ignored by the banks. Thus began Moneyview’s entry into the unsecured personal loan space: small to medium ticket sizes, fully digital, minimal documentation, and quick approvals, which is a lifeline for millions in tier-2/3 towns and non-metro Bharat. Now, what started with small personal loans has expanded into a diversified lending stack. From personal loans, business loans, home loans, loans against property, credit cards, insurance, and other products they started offering. Around 2022 and 2024, Moneyview’s growth caught the attention of investors. In 2022, the company raised US$75 million (Series D) backed by marquee investors like Tiger Global Management, Accel, Winter Capital, and others, valuing it at about US$625 million. By September 2024, after acquiring an employee-benefits startup, Jify, Moneyview achieved unicorn status, valued at roughly US$1.2 billion. With that acquisition, they have expanded their offerings and also started offering salary-linked products. Now before we dive into the financials, let’s understand what Moneyview does differently and why it works. As discussed, the problem it is solving is the major moat and reason why it is successful. Moneyview doesn’t necessarily hold all loans on its own books. It works with a network of partner NBFCs and banks to originate loans, earning fees and commissions. That means lower capital intensity and risk diversification. For selective cases, they use their own NBFC arm to hold loans, offering flexibility in capital allocation. Traditional lenders often rely mainly on bureau scores. Moneyview built proprietary credit models using non-traditional data: smartphone metadata, digital behavior, payment history, and transaction flows. This allows them to reliably underwrite customers whom banks would reject. That kind of risk selection gives them an edge, especially when lending to “thin file” borrowers. These are a few reasons why it actually worked. And as a result, if we look into financials, we will get a better picture. For any company the long-term success depends on one thing: fundamentals. In FY24 the company reported an operating revenue of ₹1,012 crore, a 75% jump from the previous year, alongside a net profit of about ₹171 crore. By FY25, those numbers accelerated even further, with operating revenue soaring to ₹2,339 crore, marking a 74% year-on-year increase, while consolidated net profit grew roughly 40% to ₹240.3 crore. What’s more interesting is the revenue mix: around 63% of FY25 operating income, roughly ₹1,486.8 crore, came from fees and commissions earned on loan originations, while interest income on its own loan portfolio surged 2.6× to ₹789 crore. Together, these indicators paint a clear picture of a fintech scaling responsibly by growing volumes, strengthening its financial base, and turning profits consistently, rather than burning capital to sustain growth. In a country where banks lend based on history and not potential, Moneyview flipped the story. Also Read: RBI Fines HDFC Bank INR 91 Lakh Over KYC, Outsourcing Lapses