Moneyview

Last updated
Moneyview
Company type Private
Industry
  • Financial technology
  • Digital lending
Founded2014(10 years ago) (2014)
Founder
  • Puneet Agarwal
  • Sanjay Aggarwal
Headquarters Bangalore, Karnataka,
India
Website moneyview.in

Moneyview is an Indian fintech company, operated by Whizdm Innovations Pvt. Ltd., based in Bangalore. [1] Moneyview operates in digital lending and financial services. [2] Moneyview provides products like personal loans, a personal finance manager, and credit score tracking. [3]

Contents

History

Moneyview was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal with the aim of simplifying finances [2] and providing financial inclusion to all Indians. The company initially started by providing a financial management app for Android.

In November 2016, Moneyview shifted its primary focus to digital lending. [4] Moneyview is a founding member [5] of the Digital Lending Association of India (DLAI). [6] The DLAI comprises over 80 digital lending players; including Cred, Paytm, Experian, and RBL Bank; and represents around 85% of the transaction volume of the digital credit industry in India.

In September 2023, Moneyview received ISO 27001:2022 certification, [7] an international standard for management and protection of the confidentiality, integrity and availability of information handled by the company.

As of December 2022, Moneyview had an annualized disbursal run-rate of $1.2 billion, with over $800 million in assets under management.

Business model

Moneyview's digital lending works on a revenue-sharing arrangement with its lending partners, where the company bears the cost of acquiring and servicing customers, and the lender provides the capital. [8] [9]

Moneyview has partnered with 15 financial institutions [10] to offer credit and financial products. These include DMI Finance, [11] Aditya Birla Capital, [12] IDFC First Bank, [13] [14] Whizdm Finance, [15] Clix Capital, [16] [17] Piramal Finance, [18] and others.

Funding

As of September 2023, Moneyview has participated in 8 funding rounds [19] and has raised a total of $215M [20] from 13 investors. The latest funding was raised in December 2022 in a Series-E round. [21] [22] This round of funding focuses on advancing Moneyview’s primary business and expanding products like digital bank accounts, insurance, and wealth management solutions to its portfolio. [23] [24]

Announced DateTransaction NameInvestorFund Raised [25] Valuation
Oct 1, 2014Venture RoundAccel, Ribbit Capital₹101.7 M [2]
Apr 1, 2015Venture RoundAccel, Ribbit Capital, Tiger Global Management ₹529.1 M
Jan 31, 2016Series BAccel, Ribbit Capital, Tiger Global Management₹660 M
Dec 14, 2018Series C [19] Accel, Ribbit Capital₹1,000 M [26]
Mar 9, 2022Series D [27] [28] Accel, Evolvence India Fund, Tiger Global Management, Winter Capital$75 M$625 M
Dec 26, 2022Series E [23] Apis Partner$75 MIncrease2.svg $900 M

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References

  1. ↑ Pillai, Shalina (Sep 24, 2015). "Money View: An app to manage your finances". The Times of India. ISSN   0971-8257 . Retrieved 21 March 2024.
  2. 1 2 3 "Tiger Global, others invest $75 million in Money View". Economic Times. Mar 9, 2022. Retrieved 5 Aug 2024.
  3. ↑ "Moneyview credit tracker" . Retrieved 5 Aug 2024.
  4. ↑ "Spend more this Diwali with access to Instant Cash from these Apps, cash providers". The Financial Express. 2019-10-18. Retrieved 21 March 2024.
  5. ↑ "Who Are We - Digital Lenders' Association of India". Digital Lenders' Association of India.
  6. ↑ "DLAI" . Retrieved 5 Aug 2024.
  7. ↑ "moneyview receives ISO certification for Information Security Management System(ISMS)" (Press release). moneyview. PR Newswire. Sep 27, 2023. Retrieved 21 March 2024.
  8. ↑ Upadhyay, Harsh; Manchanda, Kunal (Nov 15, 2022). "Money View turns profitable with 4X growth in scale during FY22". Entrackr. Retrieved 22 March 2024.
  9. ↑ Vishwakarma, Sumit (8 Apr 2024). "Digital lending startup Moneyview's FY23 profit jumps 2616% to Rs 163 crore". Indian Startup News. Retrieved 5 Aug 2024.
  10. ↑ "Moneyview Lending Partners". moneyview. Retrieved 21 March 2024.
  11. ↑ "DMI Finance" . Retrieved 5 Aug 2024.
  12. ↑ "Digital Lending Platform Partners". Aditya Birla Capital. Retrieved 5 Aug 2024.
  13. ↑ "Whizdm Innovations Private Limited | IDFC FIRST Bank". IDFC FIRST Bank. Retrieved 21 March 2024.
  14. ↑ "List of active digital lending partners" (PDF). IDFC First Bank. Retrieved 5 Aug 2024.
  15. ↑ "Whizdm Finance" . Retrieved 5 Aug 2024.
  16. ↑ "Clix Capital Lending Partner". Moneyview. Retrieved 5 Aug 2024.
  17. ↑ "Our Partners". Clix Capital. Retrieved 5 Aug 2024.
  18. ↑ "Lending Partners". Piramal Finance. Retrieved 5 Aug 2024.
  19. 1 2 "Moneyview funding & investors". Tracxn. Retrieved 5 Aug 2024.
  20. ↑ Manchanada, Kunal (8 Apr 2024). "MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X". Entrackr. Retrieved 5 Aug 2024.
  21. ↑ "Lending firm Money View raises $75 million in Series E funding led by Apis Partners". Moneycontrol. 2022-12-26. Retrieved 21 March 2024.
  22. ↑ "Money View raises $75 mn in funding round led by Apis Partners". The Financial Express. 2022-12-27. Retrieved 21 March 2024.
  23. 1 2 "Money View raises $75 million led by Apis Partners, valuation jumps to $900 million". The Economic Times. Dec 26, 2022. Retrieved 21 March 2024.
  24. ↑ Singh, Manish (Dec 26, 2022). "Indian fintech Money View valued at $900 million in new funding". TechCrunch. Retrieved 21 March 2024.
  25. ↑ "Money View raises $75 million led by Apis Partners, valuation jumps to $900 million". The Economic Times. 26 Dec 2022. Retrieved 5 Aug 2024.
  26. ↑ Upadhyay, Harsh. "Money View raises $75 Mn from Tiger Global and others at $625 Mn valuation". Entrackr. No. Mar 9, 2022. Retrieved 22 March 2024.
  27. ↑ Roy, Debjyoti (9 Mar 2022). "Tiger Global-backed fintech startup Money View secures $75 mn in Series D round". Livemint. Retrieved 5 Aug 2024.
  28. ↑ "Tiger Global backs lending platform Money View in $75 million Series D funding". Moneycontrol News. 9 Mar 2022. Retrieved 5 Aug 2024.
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