Money View Raises $75 Million In Series E Funding筹集的资金将被用作资本增长scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions in order to solidify its leadership position

ByTeena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Money View,a Bengaluru based fintech leader, has raised $75 million in its ongoing Series E funding led byApis Partners, a UK-based asset manager that supports growth stage financial services and financial infrastructure businesses along with participation from Tiger Global, Winter Capital and Evolvence. The fund raised will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions in order to solidify its leadership position.

"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. We are thrilled to have Apis Partners join us in our journey and with their support, we look forward to becoming India's leading online credit platform with innovative and holistic financial solution," said Puneet Agarwal, CEO of Money View.

With over 40 million app downloads, the company is currently operating at an annualized disbursal run rate of $1.2 billion and is currently managing AUMs of over $800 million. Money View has been unit economic positive since inception and has been profitable for the past two years and the company is now valued at $900 million, claimed by the company in a statement.

“我们高兴地宣布我们的投资Money View, and it has been a real pleasure working with Puneet, Sanjay and their talented team throughout the process. 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.

Founded in 2014, Money View is a leading online financial services platform providing personalized credit products and personal financial management solutions. Financial services specialist investor Apis Partners was drawn to the differentiated credit solutions platform built by Money View and its rapid ascent to market leadership while delivering industry-leading profitability metrics.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Thought Leaders

5 Books Every Entrepreneur Should Read Before Starting a Business

A selection of books that helped me found and scale a startup from a $10,000 line of credit to a billion-dollar business

Entrepreneurs

3 Key Things Investors Look For In a Founder Before Signing a Cheque

One thing that determines the success of a startup is its founder. And, that is why it has become crucial for investors to bet their money on the right founders

Technology

No Need to Have a 'FOBO' for AI

It is a well- known fact that before AI takes your job, someone using AI will take it. To stay relevant in the job market, it is then absolutely essential to adopt AI and automation tools to enhance one's productivity to ensure that his or her job is not rendered obsolete.

Business News

KFC Has Been Dethroned as No. 2 Chicken Chain in the U.S. — Here's Who Took Its Spot

A viral chicken sandwich led to an increase in market share.

Thought Leaders

From Side Hustle to Full-Time Success — 6 Ways to Turn Niche Interests into Profitable Ventures

A hobby, pro bono work or charity project can turn into a money-making business if you know the right steps to take.

Business News

'We Don't Sleep Well Anymore': Airbnb Host Grapples With 'Tenant From Hell' Who Refuses to Leave

An Airbnb guest rented a guesthouse for a long-term stay in 2021 but has since remained in the unit for over 540 days — without paying rent.