Bengaluru-based Money View, a fintech firm that offers credit facilities, has raised $75 million (about Rs 621 crore) in a Series E funding round led by UK-based Apis Partners, along with the participation from Tiger Globla, Evolvence, and Winter Capital.
The Series E round values the startup at $900 million, entering the soonicorn club. The startup plans to use the raised capital to expand its core credit operations, expand product offerings like digital bank accounts, insurance and wealth management services, as well as to ramp up hiring.
In March 2022, the fintech startup raised $75 million from Tiger Global and other investors at a valuation of $625 million.
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Money View offers personalised credit products like instant personal loans, cards, BNPL and personal financial management solutions. It claims to have an annual credit disbursal run rate of $1.2 billion, with positive unit economics and net profitability on its books.
“Money View has achieved great success already, with their credit products democratising 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, Co-founder and Managing Partner at Apis Partners.
Source @Indianstartupnews
