The UK-based private equity firm Apis Partners said Monday its second fund has led a $75 million funding round in Money View, a Bengaluru-based fintech at a pre-money valuation of $825 million, or a post-money valuation of $900 million.
Tiger Global, Winter Capital and Evolvence also joined the round.
Founded in 2014, Money View is an online financial services platform providing personalized credit products and personal financial management solutions. With over 40 million app downloads, the company is currently operating at an annualized disbursal run rate of $1.2 billion and is currently managing AUM of over $800 million. Money View has been unit economic positive since inception and has been profitable for the past two years.
The proceeds of this capital raise will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions.
Puneet Agarwal, CEO of Money View said, “Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in India with great success.”
It offers a full suite of personalized credit products like instant personal loans, BNPL, and personal financial management solutions in India. Its proprietary data models provide a 360-degree risk assessment, enabling credit for the underserved segments.
“Money View has achieved great success already, with their credit products democratising 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 Partners.
“Money View 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,” added Udayan Goyal, Co-founder and Managing Partner at Apis Partners.
Related
