Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal; the Fintech firm Money View is an online financial services company offering personalized credit products and financial management solutions to its customers. The firm reported operating revenue of Rs, 253 crores; up 4x YOY; according to its annual financial report.
At a valuation of $900 million Moneyview, a Bengaluru-based fintech company raised $75 million in its ongoing Series E funding led by Apis Partners. Other participants in the round included Tiger Global, Winter Capital, and Evolvence; according to a statement released by the firm on 26th December.
The fintech firm plans to use the proceeds of the round to expand its core credit business; hiring; and expand its product offering by venturing into services like digital bank accounts, insurance, wealth management solutions, etc. to strengthen its leadership position.
The firm is currently operating at a yearly disbursal rate of a whopping $1.2 billion and currently controls AUM i.e. Assets Under Management of over $800 million.
“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 has achieved great success, 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, Co-founder and Managing Partner at Apis Partners.
