Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Lending.
Total expenses grew 24.5% to Rs 876.5 crore in Q2 FY27 from Rs 704.1 crore in the corresponding quarter last fiscal year.
The service will be available to users across India, including those who are not existing Fibe customers.
The investigation follows claims by a hacking group called ScarlettGroup that it had breached the lender's records and threatened to release the allegedly compromised information.
Total expenses of the company increased 35% to Rs 586 crore during the quarter from Rs 434 crore in the year-ago period.
The approvals follow the company's board clearance on September 17 and shareholder approval at an extraordinary general meeting on October 14.
Total expenses of the company declined 12% to Rs 376.8 crore during the fiscal from Rs 426.7 crore in FY25, aided by a sharp reduction in impairment costs.
On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
The board has cleared the allotment of up to 2.64 crore equity shares at Rs 314.11 per share to a group of non-promoter investors.
The IPO will open on September 24 and close on September 28, while the anchor investor round is scheduled for September 23.
Earlier this year, other lending companies such as Kissht and Aye Finance also cut their IPO size, as valuation concerns grew.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
