Moneyview Explained

Moneyview
Type:Private
Hq Location:Bangalore, Karnataka
Hq Location Country:India

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, credit score tracking,[3] and digital gold.[4]

History

Moneyview was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal with the aim of simplifying finances 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.[5] Moneyview is a founding member[6] of the Digital Lending Association of India (DLAI).[7] 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,[8] an international standard for management and protection of the confidentiality, integrity and availability of information handled by the company.

In October 2024, Moneyview partnered with CaratLane to create a digital platform for gold investment.[4]

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.[9] [10]

Moneyview has partnered with 15 financial institutions[11] to offer credit and financial products. These include DMI Finance,[12] Aditya Birla Capital,[13] IDFC First Bank,[14] [15] Whizdm Finance,[16] Clix Capital,[17] [18] Piramal Finance,[19] and others.

External links

Notes and References

  1. News: Pillai . Shalina . Sep 24, 2015 . Money View: An app to manage your finances . 21 March 2024 . The Times of India . 0971-8257.
  2. Web site: Mar 9, 2022 . Tiger Global, others invest $75 million in Money View . 5 Aug 2024 . Economic Times . en.
  3. Web site: Moneyview credit tracker . 5 Aug 2024.
  4. News: Bringing Gold to the Masses: Moneyview partners with CaratLane to offer Digital Gold . 10 October 2024 . PRNewswire . Oct 7, 2024.
  5. Web site: 2019-10-18 . Spend more this Diwali with access to Instant Cash from these Apps, cash providers . 21 March 2024 . The Financial Express . en.
  6. Web site: Who Are We - Digital Lenders' Association of India . Digital Lenders' Association of India.
  7. Web site: DLAI . 5 Aug 2024.
  8. moneyview receives ISO certification for Information Security Management System(ISMS) . 21 March 2024 . moneyview . PR Newswire . Sep 27, 2023.
  9. News: Upadhyay . Harsh . Manchanda . Kunal . Money View turns profitable with 4X growth in scale during FY22 . 22 March 2024 . Entrackr . Nov 15, 2022.
  10. News: Vishwakarma . Sumit . 8 Apr 2024 . Digital lending startup Moneyview's FY23 profit jumps 2616% to Rs 163 crore . 5 Aug 2024 . Indian Startup News.
  11. Web site: Moneyview Lending Partners . 21 March 2024 . moneyview.
  12. Web site: DMI Finance . 5 Aug 2024.
  13. Web site: Digital Lending Platform Partners . 5 Aug 2024 . Aditya Birla Capital.
  14. Web site: Whizdm Innovations Private Limited IDFC FIRST Bank . 21 March 2024 . IDFC FIRST Bank.
  15. Web site: List of active digital lending partners . 5 Aug 2024 . IDFC First Bank.
  16. Web site: Whizdm Finance . 5 Aug 2024.
  17. Web site: Clix Capital Lending Partner . 5 Aug 2024 . Moneyview.
  18. Web site: Our Partners . 5 Aug 2024 . Clix Capital.
  19. Web site: Lending Partners . 5 Aug 2024 . Piramal Finance.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Moneyview".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2025, A B Cryer, All Rights Reserved. Cookie policy.