Moneyview

Moneyview
Company typePrivate
Industry
  • Financial technology
  • Digital lending
Founded2014 (10 years ago) (2014)
Founder
  • Puneet Agarwal
  • Sanjay Aggarwal
HeadquartersBangalore, Karnataka,
India
RevenueIncrease ₹577 crore (US$69 million) (FY23)
Increase ₹163 crore (US$20 million) (FY23)
Websitemoneyview.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, personal finance manager, and credit score tracking[3].

History

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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 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

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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

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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 Increase $900 M

References

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  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. ^ a b c "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. ^ a b "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. ^ 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.
  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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