With participation from existing investors Tiger Global, Winter Capital, and Evolvence, Money View has raised $75 million in its ongoing Series E funding, led by UK-based asset manager Apis Partners. The funding is valued at $900 million.
The Tiger Global-backed fintech startup raised $75 million in a Series D round in March this year. Money View, based in Bengaluru, plans to use the funds to scale its credit business, grow its team, and extend its product offering to include services like digital bank accounts, insurance, and wealth management solutions.
Co-founder and CEO Puneet Agarwal said, “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.”
Money View, a company founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, provides a range of credit products, such as cards, BNPL, quick personal loans, and personal financial management solutions. To offer these solutions, it has collaborated with over 15 financial institutions.
“Money View has achieved great success already, with their credit products democratizing 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.
The company claimed to have an annualized disbursal run rate of $1.2 billion and assets under management of $800 million (AUM). It added that it has recorded positive unit economics since it started and that the past two years have seen profits.