Money View Raises $75 Million in Series E at $900 Million Valuation

Money View is an online credit platform which offers instant personal paperless loans, cards, BNPL, and personal financial management solutions best suited for a user’s needs and financial profile. The company contributes towards driving true financial inclusion in India by providing world-class financial products & services to 90% of the underserved Indians.

Money View has raised $75 million in its ongoing Series E funding led by Apis Partners, a UK-based asset manager. The funding round also saw participation from existing investors Tiger Global, Winter Capital, and Evolvence. Money View will use the fresh 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. The firm claims to have an annual credit disbursal run rate of $1.2 billion, with positive unit economics and net profitability on its books. According to the company, it has been unit economic positive since inception and has been profitable for the past two years.

The online platform Money View, India, Bengaluru, was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal. “Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in India with great success. We are thrilled to have Apis Partners join us in our journey,” said Puneet Agarwal, CEO of Money View.

Previous Post

PhonePe and Flipkart Complete Separation

Next Post

SoftBank-backed OfBusiness in talks for a secondary funding round at valuation of $8-9 billion

Related Posts