Money View, a fintech firm based in Bengaluru that provides credit facilities, has raised $75 million (roughly Rs 621 crore) in a Series E funding round led by Apis Partners, with participation from Tiger Globla, Evolvence, and Winter Capital.
The Series E round values the startup at $900 million, bringing it into the club of soonicorns. The startup intends to use the funds raised to expand its core credit operations, expand product offerings such as digital bank accounts, insurance, and wealth management services, and increase hiring.
The fintech startup raised $75 million from Tiger Global and other investors in March 2022, at a valuation of $625 million.
Money View, which was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, provides personalised credit products such as instant personal loans, cards, BNPL, and personal financial management solutions. It claims to have a $1.2 billion annual credit disbursal run rate, as well as positive unit economics and net profitability on its books.
“Money View has already achieved great success, with their credit products democratising access for millions of customers in India,” said Matteo Stefanel, Co-founder and Managing Partner at Apis Partners.
