Money View secures $75m Series E funding at $900m valuation
Indian fintech company Money View has raised $75 million in an ongoing Series E funding round at a valuation of $900 million.
The round was led by Apis Partners, and saw participation from Tiger Global, Winter Capital and Evolvence, and the company plans on raising more funds in the round.
Founded in 2014 and headquartered in Bengaluru, Money View is an online credit platform offering personalised credit products such as “instant” personal loans, buy now, pay later (BNPL) and personal financial management solutions.
With the fresh funds, the company plans to scale its credit business, hire more members to its team and expand its product portfolio to include services such as digital bank accounts, insurance and wealth management solutions.
Money View last raised $75 million in a Series D funding round in March 2022, then valued at $625 million. The company claims it now has more than 40 million app downloads, disbursed $1.2 billion in loans and manages over $800 million in assets.
“Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in India with great success,” says Puneet Agarwal, CEO of Money View.
Agarwal adds that with the support of Apis Partners, Money View aims to become “India’s leading online credit platform with innovative and holistic financial solutions”.