Money View raises $75 mn in Series D funding

Hyderabad Bengaluru based fintech platform Money View has raised $75 million in their series D funding from Tiger Global, Winter Capital, Evolvence India, Accel along with other investors including South Park Commons, Trusted Insight and Dream Incubator. The company is now valued at $625 million.

Money View is an online credit platform that offers a full suite of personalised credit products like instant personal loans, cards, Buy Now Pay Later (BNPL) and personal financial management solutions. The company has partnered with over 15 financial institutions to offer credit/financial products on its platform.

With over one million monthly App downloads, the company is catering to 200million underserved customers who are often ignored by banks and other financial institutions for their financial needs. Its robust digital technology and frictionless user experience allows pan India reach with 75 per cent of the users coming from Tier 2/3 cities. The company's proprietary data models provide a 360-degree risk assessment, enabling credit for the underserved segments.

The company has grown four times year-over-year with strong unit economics and track record of profitability. The company is disbursing loans at an annualised run rate of $700 million and is on a trajectory to reach $1 billion AUM over the next 12 months.

The fresh funding will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services like digital bank accounts, insurance, and wealth management solutions. The Raine Group was the exclusive financial advisor to Money View for this round.