IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home FinTech

Fintech Firm Money View Bags $75 million in Fresh Funding

Money View offers solutions for managing personal finances and customized credit products.

IndiaTechDesk Editor by IndiaTechDesk Editor
December 28, 2022
in FinTech
57 1
0
Fintech Startup Money View raises $75 million in Series D Funding
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Money View, a Bengaluru-based lending firm, has raised $75 million in its ongoing Series E funding led by Apis Partners, valuing the fintech startup at around $900 million.

The company presently manages AUMs of over $800 million and runs at a yearly disbursal run rate of $1.2 billion with over 40 million app downloads. The business’s most recent INR 100 crore round of funding took place in December 2018, with Accel participating.

Evolvence, Tiger Global, and Winter Capital also participated in the round. To strengthen its leading position, the raised money will be utilized as growth capital to increase the company’s core credit business, expand the team, and add new services to its product offerings, such as digital bank accounts, insurance, and wealth management solutions.

“Our performance and growth over the past two years have allowed us to drive our mission of true financial inclusion in India with great success,” cofounder Puneet Agarwal said.

Money View provides personalized credit products

Money View, a platform for online financial services, was established in 2014 and offered solutions for managing personal finances and customized credit products.

According to the statement, the finance firm has been profitable for the past two years and economically positive since its foundation.

The eight-year-old startup’s customized credit products and financial management services are now available to customers who would otherwise lack a credit score and be unable to receive credit from banks and other financial institutions.

The vast majority of South Asians are credit-ineligible due to India’s limited credit bureau data book. Modern underwriting tools and a regulatory arbitrage that is progressively being addressed are how fintech operates to lend to customers.

According to its annual financial report filed with the Registrar of Companies, Money View reported operating revenue of INR 253 crore, growing four times year over year (ROC).

“Money View has achieved great success already, with their credit products democratizing the access for millions of customers in India, and we are truly excited to partner with the company at this stage of its journey,” said Matteo Stefanel, cofounder and managing partner at Apis Partners.

Tags: Fintechfundingindian startupStartup FundingTiger Global
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at [email protected]

Related Posts

Digital Lending Firm NeoGrowth Secures $10 million in Debt Capital
FinTech

Digital Lending Firm NeoGrowth Secures $10 million in Debt Capital

January 17, 2023
In its Stealth Mode, Zype Secures $18 million from Xponentia Capital
FinTech

In its Stealth Mode, Zype Secures $18 million from Xponentia Capital

December 19, 2022
Online Lending Startup IndiaGold Closes Series A after Securing $22 million
FinTech

Online Lending Startup IndiaGold Closes Series A after Securing $22 million

November 28, 2022
Fintech Startup Signzy Secures $26 million in Fresh Funding Round
FinTech

Fintech Startup Signzy Secures $26 million in Fresh Funding Round

September 26, 2022
Consumer Lending Platform, EarlySalary Bags $110 million in its Series D
FinTech

Consumer Lending Platform, EarlySalary Bags $110 million in its Series D

August 30, 2022
Rural Fintech Startup Jai Kisan Raises $50 million in Series B Funding Round
FinTech

Rural Fintech Startup Jai Kisan Raises $50 million in Series B Funding Round

July 29, 2022
No Result
View All Result

Follow Us

FREE NEWSLETTER

 




PRODUCTS

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

MORE FROM OUR NETWORK


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes
Categories
  • Accelerator
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: [email protected]”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In