- Money View recently announced it raised $75 million in Series D funding. These are the details.
Bengaluru-based fintech platform company Money View has raised $75 million in their series D funding from Tiger Global, Winter Capital, Evolvence India, Accel along with other investors including South Park Commons, Trusted Insight, and Dream Incubator. With this round of funding, the company is now valued at $625 million.
Co-founded by Puneet Agarwal and Sanjay Aggarwal, Money View is now a leading online credit platform that offers a full suite of personalized credit products like instant personal loans, cards, BNPL, and personal financial management solutions. And the company has partnered with over 15 financial institutions to offer credit/financial products on its platform.
With over 1 million monthly App downloads, the company is catering to 200+ million underserved customers who are often ignored by banks and other financial institutions for their financial needs. The company’s proprietary data models offer a 360-degree risk assessment, enabling credit for the underserved segments.
Money View has grown 4x year-over-year with strong unit economics and a track record of profitability. And 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 fresh funding round 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.
