Money View Raises $75M In Series E Round
Money View, a Bengaluru-based lendingtech startup, has raised $75 Mn in a Series E funding round at a valuation of $900 Mn.
Led by the UK-based private equity company Apis Partners, the round also saw participation from Tiger Global, Winter Capital and Evolvence.
The Bengaluru-based startup plans to use the freshly raised capital to scale its credit business, grow the team, and expand its product portfolio by adding services such as digital bank accounts, insurance, and wealth management solutions.
Money View | Simplifying Access To Credit Through Tech & Data
Co-founded by Sanjay Aggarwal and Puneet Agarwal in 2014, Money View is an online credit platform that offers a full suite of personalised credit products like instant personal loans, cards, BNPL, and personal financial management solutions.
The Bengaluru-based startup, through its AI-powered proprietary models, predicts risk more accurately than traditional models used in the industry, thus ensuring the right credit solutions are provided to the right users in a simplified manner!
Operated by Whizdm Innovations Pvt Ltd, Money View has partnered with over 15 financial institutions to offer these products. As per Puneet Agarwal, Co-founder and CEO of Money View, the startup’s performance and growth over the past two years have allowed it to drive the mission of true financial inclusion in India with great success.
Commenting on the development, Matteo Stefanel, Co-founder and Managing Partner at Apis Partners, said,
“Money View has achieved great success already, with their credit products democratising the access for millions of customers in India, and we are truly excited to partner with the company at this stage of its journey.”
The startup is operating at an annualised disbursal run rate of $1.2 billion with $800 million in assets under management (AUM). It claims to be recording positive unit economics since its inception and has been profitable for the last two years.
In March 2022, the startup raised $75 million in its Series D funding round from Tiger Global, Winter Capital, Accel, and Evolvence India, along with other investors.
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