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.