Moneyview leads digital peers on AUM and listed income growth

Moneyview Limited led the identified digital-lending-platform peers by assets under management, or AUM, reporting Rs 16,715.141 crore in FY2025. Moneyview also recorded a 56.54% compound annual growth rate, or CAGR, in total income between FY2024 and FY2026, higher than every listed comparable in the disclosed table.

How does Moneyview lead digital peers on AUM and listed income growth?

Moneyview led the specified digital-lending-platform peer group because its FY2025 managed AUM of Rs 16,715.141 crore exceeded Navi's Rs 11,694.930 crore, Kreditbee's Rs 10,102 crore, Fibe's Rs 5,267.856 crore and Kissht's Rs 4,086.638 crore. AUM measures the principal outstanding on loans under each company's stated definition at the end of the relevant period, rather than annual income.

Moneyview also reported the highest FY2024-26 total-income CAGR among the listed comparables, at 56.54%. Total income is defined in the comparison as revenue from operations plus other income during the relevant year. Its total income increased from Rs 1,389.241 crore in FY2024 to Rs 3,404.274 crore in FY2026, an increase of Rs 2,015.033 crore over two financial years.

The two findings measure different parts of market position. The FY2025 AUM ranking compares loan-balance scale among the named digital-lending platforms, while the income CAGR compares Moneyview's expansion with listed digital platforms, non-banking financial companies, or NBFCs, and global peers. The findings therefore depend on the disclosed peer universe and on each company's reporting definition.

What does the FY2025 AUM comparison show about Moneyview's scale?

Moneyview's FY2025 managed AUM was the largest in the digital-lending-platform group, at Rs 16,715.141 crore. It was Rs 5,020.211 crore above Navi and Rs 6,613.141 crore above Kreditbee, while it exceeded the reported AUM of Fibe and Kissht by more than three times in each case.

Moneyview's managed AUM rose from Rs 12,884.826 crore in FY2024 to Rs 21,380.137 crore in FY2026. In Q1 FY2027, defined as the April-June 2026 quarter, managed AUM reached Rs 22,520.165 crore, compared with Rs 17,707.839 crore in Q1 FY2026. For Moneyview, managed AUM means the aggregate principal outstanding of loans serviced through its platform on the final day of the period.

The ranking is not a fully uniform loan-book comparison. Kissht's AUM includes principal outstanding on its own books and on the books of off-book lending partners, while Navi reports gross managed loan book. Kreditbee's disclosed figures use consolidated data for KrazlyBee Services Private Limited and Finnnovation Tech Solutions Private Limited; AUM was unavailable in the table for PB Fintech and One97 Communications.

Why was Moneyview's income CAGR higher than listed comparables?

Moneyview's 56.54% FY2024-26 CAGR was higher than the 40.17% reported for Nu Holdings, 37.00% for PB Fintech, 30.47% for SoFi Technologies and 22.11% for Bajaj Finance. The calculation reflects Moneyview's increase in total income from Rs 1,389.241 crore in FY2024 to Rs 3,404.274 crore in FY2026.

Among Indian listed comparables, Kissht reported a 13.98% FY2024-26 CAGR, SBI Cards and Payments reported 8.83%, and One97 Communications reported a negative 6.04%. One97 Communications' total income declined from Rs 10,524.700 crore in FY2024 to Rs 9,291 crore in FY2026, although its FY2026 income was 21.85% higher than FY2025.

The comparison has stated limits. The source uses total revenue for Nu Holdings and total net revenue for SoFi Technologies, rather than Moneyview's total-income definition. It also uses calendar years as proxies for financial years for global peers, so the 56.54% result identifies the highest disclosed growth figure in the table, not identical accounting treatment across every company.

How large is Moneyview's digital personal-loan presence?

Moneyview accounted for about 10.5% of digital unsecured personal-loan sanctions in FY2026 and about 1.6% of all unsecured personal-loan sanctions. The source estimates digital personal loans at about Rs 2.20 lakh crore in FY2026, representing about 15% of the overall personal-loan market, with non-digital loans accounting for about 85%.

Other providers therefore accounted for about 89.5% of digital unsecured personal-loan sanctions in FY2026. This sanctions-based share is distinct from AUM, which records outstanding principal at a date, and it does not establish Moneyview's share of all personal-loan balances or future market share.

The source estimates the total retail loans sanctioned addressable market for a full-stack digital lender at about Rs 7.66 lakh crore in FY2026, up from about Rs 1.96 lakh crore in FY2021. It projects Rs 13.80 lakh crore to Rs 15.10 lakh crore by FY2031P, subject to continued formal-credit adoption, digital infrastructure and broader product availability.

What could affect Moneyview's ability to maintain this position?

Moneyview's ability to preserve AUM scale and income growth depends in part on credit performance in unsecured lending. Its annualised loss rate declined from 7.93% in FY2024 to 7.07% in FY2025 and 6.95% in FY2026. Annualised losses are calculated as loans moving to more than 90 days past due, or DPD, plus write-offs, divided by average AUM.

The industry annualised loss rate rose from 7.80% in FY2024 to 9.35% in FY2025 before easing to 8.29% in FY2026. Moneyview's FY2026 rate was thus 1.34 percentage points below the industry measure. The source attributes its trend to risk segmentation using transaction behaviour, cash-flow stability, device and app metadata, employment patterns and traditional credit-bureau signals.

Regulation and funding conditions are further constraints identified in the sector discussion. In November 2023, the Reserve Bank of India increased risk weights on unsecured personal loans by 25 percentage points for banks and NBFCs, raising associated capital requirements. The source also identifies rules affecting default-loss guarantees, buy-now-pay-later products and outsourcing of core lending functions as potential influences on lending capacity, product design and operating costs.

Conclusion

Moneyview's disclosed position combines the largest FY2025 AUM among the identified digital-lending-platform peers with the highest FY2024-26 total-income CAGR among the listed companies in the comparison. The AUM result measures managed or reported loan balances under differing platform definitions, while the 56.54% CAGR measures growth in total income from Rs 1,389.241 crore to Rs 3,404.274 crore.

The next disclosed indicators to watch are managed AUM after Rs 22,520.165 crore in Q1 FY2027 and annualised losses after 6.95% in FY2026. The source's FY2031P market projection provides an industry-scale scenario, but Moneyview's future share, income growth and response to unsecured-lending capital requirements remain unresolved.