Money View raises $ 75 million in Series E funding
Tiger Global, Winter Capitaland Evolvence also participated in the Series E funding round that now values the firm at $900 million. Money Viewprovides personalised credit products and personal financial management solutions.
- Funding will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio.
Bengaluru-based personal loans fintech company Money View on Monday said it had raised $75 million in its ongoing Series E funding led by
The funding will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions, Money View said in a statement.
“Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in
Founded in 2014, Money View provides personalised credit products and personal financial management solutions. It has over 40 million app downloads and currently operates at an annualised disbursal run rate of $1.2 billion, with over $800 million assets under management (AUMs), the company statement said.
Money View has been unit economic positive since inception and has been profitable for the past two years, it added.
“Money View has achieved great success already, with their credit products democratising the access for millions of customers in India,” said Matteo Stefanel, co-founder and managing partner at Apis Partners.
Apis Partners supports growth stage financial services and financial infrastructure businesses.
“Money View is one of the most innovative and successful digital credit businesses across our markets and the company has attained market leadership in India while delivering high profitability and a strong focus on ESGI principles,” said Udayan Goyal, co-founder and managing partner at Apis Partners.
The Raine Group is acting as the exclusive financial advisor to Money View for its Series E financing round, as per the statement.
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