Bengaluru-based fintech startup Money View has raised $75 million in its Series E funding round led by UK-based private equity giant Apis Partners. The funding round also saw participation from Tiger Global, Winter Capital, and Evolvence. The company has also confirmed that the round has not closed and it is expecting to raise more capital. The Series E funding also puts the company’s valuation at $900 million.
The latest funding will be used to scale the business, grow the team, and expand the product portfolio.
“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. 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 solutions,” said Puneet Agarwal, CEO of Money View.
The company raised $75 million in the series D round back in March this year and the funding round valued the company at $625 million.
Money View was founded back in 2014 by Puneet Agarwal and Sanjay Aggarwal. The company offers personalized credit products like instant personal loans, personal financial management solutions, cards, and BNPL. For offering its credit products, the company has over 15 financial institutions partners.
The app has over 40 million app downloads and boasts an annualized disbursal run rate of $1.2 billion.
Money View competes with KreditBee and Navi. These companies operate in similar space.
