Money View, a Bengaluru based fintech firm has secured $75 million in its Series D funding from Tiger Global, Winter Capital, Evolvence India, Accel along with other investors including South Park Commons, Trusted Insight, and Dream Incubator.
The Startup Co-founded by Puneet Agarwal and Sanjay Aggarwal in 2014, is presently worth $625 million. The fresh investment flow will be used to augment the core credit business, expand human resources, and widen product portfolio with services like digital bank accounts, insurance, and wealth management solutions..
Puneet Agarwal, CEO and Co-founder, Money View, explained in a statement ,“We believe India is one of the most underserved large economies when it comes to access to credit. We are extremely delighted to have partnered with marquee investors who trust in this vision of ours to make credit accessible to every Indian. We will continue to invest in strengthening our partnerships and hiring the best talent.”
Money View is an online credit platform founded in 2014 that offers a full suite of personalised credit products like instant personal loans, cards, BNPL, and personal financial management solutions. The startup has partnered with over 15 financial institutions to offer credit/financial products on its platform.
Money View clocks 1 Million Monthly App Downloads
With more than 1 million monthly app downloads, the firm is catering to over 200 million underserved customers who are often ignored by banks and other financial institutions for their financial needs. Money View’s robust digital technology and frictionless user experience allows pan India reach with 75 percent of the users coming from Tier-II and III cities.
Money View‘s proprietary data models provide a 360-degree risk assessment, enabling credit for the underserved segments.
Money View says it has grown 4x year-over-year with strong unit economics and track record of profitability. The company is disbursing loans at an annualized run rate of $700 million and is on a trajectory to reach $1 billion AUM over the next 12 months.
The Raine Group was the exclusive financial advisor to Money View operated by Whizdm Innovations Pvt Ltd, for this round.
