Moneyview, a loan provider from Bengaluru, has reportedly become the newest unicorn startup in India after raising funding at a valuation of $1.2 billion.
The startup secured funding from its current funders, Accel India and Nexus Ventures, despite the absence of official confirmation from the company.
Accel India contributed Rs 29 crore, while Nexus Ventures contributed Rs 19 crore. Moneyview is expected to raise additional funds in the coming months, as the funding round is still in progress.
Moneyview attained soonicorn status in December 2022 by raising $75 million at a valuation of $900 million. Winter Capital, Tiger Global Management, Evolvence India Fund, and Apis Partners were the primary investors in that round.
Read also – Moneyview Acquires Jify to Broaden its Financial Services
The venture provides personalized credit products, including personal financial management solutions and instant personal loans.
Whizdm Finance, Aditya Birla Capital, DMI Finance, Clix, Incred Finance, Northern Arc, Vivriti Capital, IDFC First Bank, and Oxyzo are among the NBFCs with which it has collaborated.
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