Moneyview
- Financial technology
- Digital lending
- Puneet Agarwal
- Sanjay Aggarwal
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]
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 Date | Transaction Name | Investor | Fund Raised[25] | Valuation |
Oct 1, 2014 | Venture Round | Accel, Ribbit Capital | ₹101.7 M[2] | |
Apr 1, 2015 | Venture Round | Accel, Ribbit Capital, Tiger Global Management | ₹529.1 M | |
Jan 31, 2016 | Series B | Accel, Ribbit Capital, Tiger Global Management | ₹660 M | |
Dec 14, 2018 | Series C[19] | Accel, 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 E[23] | Apis Partner | $75 M | ![]() |
References
- ^ Pillai, Shalina (Sep 24, 2015). "Money View: An app to manage your finances". The Times of India. ISSN 0971-8257. Retrieved 21 March 2024.
- ^ a b c "Tiger Global, others invest $75 million in Money View". Economic Times. Mar 9, 2022. Retrieved 5 Aug 2024.
- ^ "Moneyview credit tracker". Retrieved 5 Aug 2024.
- ^ "Spend more this Diwali with access to Instant Cash from these Apps, cash providers". The Financial Express. 2019-10-18. Retrieved 21 March 2024.
- ^ "Who Are We - Digital Lenders' Association of India". Digital Lenders' Association of India.
- ^ "DLAI". Retrieved 5 Aug 2024.
- ^ "moneyview receives ISO certification for Information Security Management System(ISMS)" (Press release). moneyview. PR Newswire. Sep 27, 2023. Retrieved 21 March 2024.
- ^ Upadhyay, Harsh; Manchanda, Kunal (Nov 15, 2022). "Money View turns profitable with 4X growth in scale during FY22". Entrackr. Retrieved 22 March 2024.
- ^ 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.
- ^ "Moneyview Lending Partners". moneyview. Retrieved 21 March 2024.
- ^ "DMI Finance". Retrieved 5 Aug 2024.
- ^ "Digital Lending Platform Partners". Aditya Birla Capital. Retrieved 5 Aug 2024.
- ^ "Whizdm Innovations Private Limited | IDFC FIRST Bank". IDFC FIRST Bank. Retrieved 21 March 2024.
- ^ "List of active digital lending partners" (PDF). IDFC First Bank. Retrieved 5 Aug 2024.
- ^ "Whizdm Finance". Retrieved 5 Aug 2024.
- ^ "Clix Capital Lending Partner". Moneyview. Retrieved 5 Aug 2024.
- ^ "Our Partners". Clix Capital. Retrieved 5 Aug 2024.
- ^ "Lending Partners". Piramal Finance. Retrieved 5 Aug 2024.
- ^ a b "Moneyview funding & investors". Tracxn. Retrieved 5 Aug 2024.
- ^ Manchanada, Kunal (8 Apr 2024). "MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X". Entrackr. Retrieved 5 Aug 2024.
- ^ "Lending firm Money View raises $75 million in Series E funding led by Apis Partners". Moneycontrol. 2022-12-26. Retrieved 21 March 2024.
- ^ "Money View raises $75 mn in funding round led by Apis Partners". The Financial Express. 2022-12-27. Retrieved 21 March 2024.
- ^ a b "Money View raises $75 million led by Apis Partners, valuation jumps to $900 million". The Economic Times. Dec 26, 2022. Retrieved 21 March 2024.
- ^ Singh, Manish (Dec 26, 2022). "Indian fintech Money View valued at $900 million in new funding". TechCrunch. Retrieved 21 March 2024.
- ^ "Money View raises $75 million led by Apis Partners, valuation jumps to $900 million". The Economic Times. 26 Dec 2022. Retrieved 5 Aug 2024.
- ^ 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.
- ^ Roy, Debjyoti (9 Mar 2022). "Tiger Global-backed fintech startup Money View secures $75 mn in Series D round". Livemint. Retrieved 5 Aug 2024.
- ^ "Tiger Global backs lending platform Money View in $75 million Series D funding". Moneycontrol News. 9 Mar 2022. Retrieved 5 Aug 2024.
External links
- Official website
- v
- t
- e
- Airtel Payments Bank
- Atom
- BharatPe
- BHIM
- Cred
- BillDesk
- CCAvenue
- PayU
- Razorpay
- Sarvatra Technologies
- Zeta