[Funding News] Moneyview Secures $30 Mn Debt Funding Round

Moneyview, a lending platform, is currently receiving Rs 250 crore (approximately $30 million) in debt through private placements. In the last three years, this will be the Bengaluru-based organization's inaugural significant debt round.

A special resolution has been passed by the board of Moneyview to issue non-convertible debentures in the amount of Rs 250 crore.

The debt infusion will be utilized for general corporate purposes, working capital, and growth, as indicated by the documents.

Moneyview is also on the brink of becoming a member of the esteemed unicorn club, as negotiations are currently ongoing to raise $50-60 million. New investors will participate in the funding round, in addition to existing ones like Accel Partners, Apis Partners, and Evolvence India. The development was exclusively disclosed by Entrackr in July.

Read also - Global Care Raises $3 Mn Series A Funding Round from 35North India Discovery Fund – II

To date, the Tiger Global-backed company has raised approximately $190 million, which includes a $75 million Series E round led by Apis Partners. When the organization's most recent equity round concluded, it was valued at $900 million.

About Moneyview

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview is a digital platform providing accessible financial services to all. It leverages technology to provide customized personal loans to borrowers.

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