New Delhi, May 13 -- Fintech unicorn Moneyview, which is backed by Apis Partners, has tapped bankers for an initial public offering worth more than $400 million, two people aware of the matter told Mint. The Bengaluru company has appointed Axis Capital Ltd and Kotak Mahindra Capital Co. Ltd for the IPO, one of them said.

"The company has Rs.15,000 crore in assets under management, among the largest in terms of new-age lending players," this person added. Primary capital will make up a majority of the issue, the second person said.

Moneyview declined to comment, while queries sent to Axis, and Kotak, remained unanswered at the time of publishing.

Founded in 2014 by Sanjay Aggarwal and Puneet Agarwal, Moneyview offers a range of financia...