Money View lending app raises $75M from Tiger Global, Accel and others


Money View, the Bengaluru-based online credit platform, has raised $75m in Series D funding from Tiger Global, Winter Capital, Evolvence India and Accel, along with other investors including South Park Commons, Trusted Insight and Dream Incubator.

The latest funding values ​​the startup, co-founded by Puneet Agarwal and Sanjay Aggarwal, at $625 million, it said in a statement on Wednesday.

The new funding, for which Raine Group was the exclusive financial advisor, will be used as growth capital to grow the core credit business, hire talent and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions, the company said.

Money View is an online credit platform offering personalized credit products such as instant personal loans, cards, buy now pay later loans and personal financial management solutions.

The company has partnered with over 15 financial institutions to offer credit/financial products on its platform. With over a million app downloads per month, Money View claims to serve over 200 million underserved customers, mostly from small towns.

Its loan disbursements have crossed an annualized run rate of $700 million and are on track to hit the $1 billion mark over the next 12 months.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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