Moneyview raises $75M in Series E funding led by Apis Partners at a valuation of $900 million. Tiger Global, Winter Capital, and Evolve also participated in the round. A valuation of $900 million has been placed on the company.
Bagaluru-based Moneyview plans to use the funding as growth capital to grow the core credit business, grow the team and strengthen its leadership position with services such as digital bank accounts, insurance, and wealth management solutions, as per reported by Business standard.
“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 on board 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, MoneyView.
“It has been a real pleasure working with Puneet, Sanjay, and their talented team throughout the process. 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 Partner.
“Moneyview is one of the most innovative and successful digital credit businesses across our markets, and the company has attained market leadership in India while delivering high profitability and a strong focus on ESGI principles. Money View’s strong track record speaks for itself, and we are confident that we will be able to celebrate more successes with the company in the coming months and years,” said Udayan Goyal, co-founder and managing partner at Apis Partner.
MoneyView is a personal finance management app. The app reads all the SMS messages and presents its users’ real-time visibility of finances allowing its users to track expenses, manage bills, check account balances, and record cash expenses. The company was founded by Puneet Agarwal and Sanjay Aggarwal in 2014.