Bengaluru headquartered fintech platform Money View has raised $75 million in their series D funding from Tiger Global, Winter Capital, Evolvence India, Accel, and other investors, including South Park Commons and Trusted Insight and Dream Incubator. The company is now valued at $625 million.
Co-founded by Puneet Agarwal and Sanjay Aggarwal, Money View is 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.
Money View is an online lender that offers personal loans up to INR 5 lakh to salaried and self-employed individuals through a completely digital and paperless process. Money View personal loans are provided with multiple repayment tenure options of 12, 24, 36, 48 and 60 months, with interest rates starting as low as 1.33 percent per month.
The company has partnered with over 15 financial institutions to offer credit and financial products on its platform.
With over one million monthly App downloads, the company is catering to more than 200 million underserved customers who banks and other financial institutions often ignore for their financial needs.
Money View’s robust digital technology and frictionless user experience allow pan India to reach 75 percent of the users from Tier 2 and 3 cities. The company’s proprietary data models provide 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. 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 will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services like digital bank accounts, insurance, and wealth management solutions. The Raine Group was the exclusive financial advisor to Money View for this round.