MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X


Online credit platform MoneyView secured $75 million in its Series E round led by Apis Partners in December 2022. The mammoth funding helped the firm achieve 2.6X growth in its scale along with a staggering 27X jump in profit during the fiscal year ending March 2023.

MoneyView’s revenue from operations grew 2.6X to Rs 577 crore in FY23 from Rs 222 crore in FY22, its consolidated financial statements filed with the Registrar of Companies show.


Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, MoneyView offers personalized credit products like instant personal loans, cards, BNPL, and personal financial management solutions through third-party lenders.

Income from fees and commissions on the disbursal of loans were the key revenue driver for MoneyView. It also made Rs 100 crore (non-operating) from interest which tallied its total income to Rs 677 crore in FY23. According to the company’s website, it has more than 45 million downloads, disbursed loans over 12,000 crore, and operates in 19,000 plus locations.

For the online credit platform, its transaction processing fees paid to credit partners were the largest cost center comprising 26% of the overall expenditure followed by advertising cum business promotion which played a pivotal role in attracting customers for MoneyView.

Expense Breakdown

Total ₹ 240 Cr
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Total ₹ 515 Cr
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  • Employee benefit
  • Information technology
  • Allowance on portfolio loans & write offs
  • Transaction processing
  • Advertisement and business promotion
  • Subcontractor charges
  • Others

Its employee benefits, write-offs, informational technology, subcontractor charges, and other overheads took the overall expenditure to Rs 515 crore in FY23 from Rs 240 crore in FY22.

Check TheKredible for a complete expense breakdown.

The notable scale and controlled expenditure helped Money View to register a huge spike in profits from Rs 6 crore in FY22 to Rs 163 crore in FY23. Its ROCE and EBITDA margin improved to 14% and 28.2% respectively. On a unit level, it spent Rs 0.89 to earn a rupee in FY23.


FY22 FY23
EBITDA Margin 9% 28.2%
Expense/₹ of Op Revenue ₹1.08 ₹0.89
ROCE 3% 14%

MoneyView has raised over $215 million across rounds and was valued at $900 million in its last round. According to the startup data intelligence platform TheKredible, Accel is the largest external stakeholder with 22.28% followed by Tiger Global and Ribbit Capital. Its co-founders Puneet and Sanjay Aggarwal cumulatively command 24% of the company.

The high profits might signal a time to move towards debt funding for MoneyView, to keep its profit metrics in rude health. With a large user base, the firm is well placed to keep marketing costs in check, while it tackles other risks like bad loans and the likes. Regulatory risk remains the biggest risk as the RBI keeps a close eye on Moneyview’s bread and butter business, personal loans, for any signs of overheating.

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