MoneyView mission: Bringing access to world-class financial products to every Indian with a smartphone
BENGALERU, India, March 9, 2022 /PRNewswire/ — Money View, the Bengaluru-based fintech platform, has raised $75 million in their Series D funding from Tiger Global, Winter Capital, Evolvence India, Accel as well as other investors including South Park Commons, Trusted Insight and Dream Incubator. The company is now valued at $625 million.
Co-founded by Puneet Agarwal and Sanjay Agarwal, Money View is a leading online credit platform that offers a full range of personalized credit products such as instant personal loans, cards, BNPL and personal financial management solutions. The company has partnered with over 15 financial institutions to offer credit/financial products on its platform.
With over one million monthly app downloads, the company reaches 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 enable India reach with 75% of users from Tier 2/3 cities. The company’s proprietary data models provide 360-degree risk assessment, enabling credit for underserved segments.
Money View grew 4x year over year with strong unit economics and track record of profitability. The company disburses 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 new funding will be used as growth capital to grow the core credit business, grow the team and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions.
The Raine Group was Money View’s exclusive financial advisor for this round.
SOURCE Silver View