Moneyview Explained

Moneyview
Type:Private
Hq Location:Bangalore, Karnataka
Hq Location Country:India
Revenue: (FY23)
Net Income: (FY23)

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, personal finance manager, and credit score tracking.[3]

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 with 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, 2014 Venture RoundAccel, Ribbit Capital₹101.7 M
Apr 1, 2015 Venture RoundAccel, Ribbit Capital, Tiger Global Management₹529.1 M
Jan 31, 2016 Series BAccel, Ribbit Capital, Tiger Global Management₹660 M
Dec 14, 2018 Series CAccel, Ribbit Capital ₹1,000 M[26]
Mar 9, 2022 Series D[27] [28] Accel, Evolvence India Fund, Tiger Global Management, Winter Capital $75 M$625 M
Dec 26, 2022 Series EApis Partner$75 M $900 M

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. 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.
  5. Web site: Who Are We - Digital Lenders' Association of India . Digital Lenders' Association of India.
  6. Web site: DLAI . 5 Aug 2024.
  7. moneyview receives ISO certification for Information Security Management System(ISMS) . 21 March 2024 . moneyview . PR Newswire . Sep 27, 2023.
  8. News: Upadhyay . Harsh . Manchanda . Kunal . Money View turns profitable with 4X growth in scale during FY22 . 22 March 2024 . Entrackr . Nov 15, 2022.
  9. 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.
  10. Web site: Moneyview Lending Partners . 21 March 2024 . moneyview.
  11. Web site: DMI Finance . 5 Aug 2024.
  12. Web site: Digital Lending Platform Partners . 5 Aug 2024 . Aditya Birla Capital.
  13. Web site: Whizdm Innovations Private Limited IDFC FIRST Bank . 21 March 2024 . IDFC FIRST Bank.
  14. Web site: List of active digital lending partners . 5 Aug 2024 . IDFC First Bank.
  15. Web site: Whizdm Finance . 5 Aug 2024.
  16. Web site: Clix Capital Lending Partner . 5 Aug 2024 . Moneyview.
  17. Web site: Our Partners . 5 Aug 2024 . Clix Capital.
  18. Web site: Lending Partners . 5 Aug 2024 . Piramal Finance.
  19. Web site: Moneyview funding & investors . 5 Aug 2024 . Tracxn.
  20. News: Manchanada . Kunal . 8 Apr 2024 . MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X . 5 Aug 2024 . Entrackr.
  21. Web site: 2022-12-26 . Lending firm Money View raises $75 million in Series E funding led by Apis Partners . 21 March 2024 . Moneycontrol . en.
  22. Web site: 2022-12-27 . Money View raises $75 mn in funding round led by Apis Partners . 21 March 2024 . The Financial Express . en.
  23. News: Money View raises $75 million led by Apis Partners, valuation jumps to $900 million . 21 March 2024 . The Economic Times . Dec 26, 2022.
  24. News: Singh . Manish . Indian fintech Money View valued at $900 million in new funding . 21 March 2024 . TechCrunch . Dec 26, 2022.
  25. News: 26 Dec 2022 . Money View raises $75 million led by Apis Partners, valuation jumps to $900 million . 5 Aug 2024 . The Economic Times.
  26. News: Upadhyay . Harsh . Money View raises $75 Mn from Tiger Global and others at $625 Mn valuation . 22 March 2024 . Entrackr . Mar 9, 2022.
  27. News: Roy . Debjyoti . 9 Mar 2022 . Tiger Global-backed fintech startup Money View secures $75 mn in Series D round . 5 Aug 2024 . Livemint.
  28. News: 9 Mar 2022 . Tiger Global backs lending platform Money View in $75 million Series D funding . 5 Aug 2024 . Moneycontrol News.

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