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Moneyview Sets The Stage For IPO, Converts Into Public Entity

  • Fintech unicorn Moneyview, backed by investors like Accel and Tiger Global Management, has converted into a public company as it prepares for an IPO.
  • Shareholders of Moneyview approved the transition to a public entity and name change to 'Moneyview Limited' during an extraordinary general meeting.
  • The move to become a public company is seen as necessary to facilitate the IPO, providing credibility and access to more capital for the lending tech startup.
  • Moneyview plans to raise around $400 Mn through the IPO and has reported profitability with a net profit of INR 171.2 Cr in the fiscal year FY24.

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