Total amount raised
$188.3 Millions
Latest funding date
Location
Moneyview has successfully raised significant funding over multiple rounds, achieving a valuation of at least $1 billion. The platform offers a comprehensive suite of financial services, including loans, investments, insurance, and payment solutions.
Keep reading to explore the intricacies of Moneyview's fundraising journey and the investors backing this innovative platform.
What Is Moneyview?
Founded in April 2014, Moneyview is based in Bangalore, Karnataka, India. The company was established by Mohd Fairuz Razi bin Sharuddin, Puneet Agarwal, and Sanjay Aggarwal.
Moneyview offers a comprehensive credit platform that provides loans and financial management tools. The platform also includes an application for tracking and organizing expenses, bills, and account balances.
With a team of 251-500 employees, Moneyview leverages technology to deliver customized financial products and services, ensuring a seamless digital experience for its users.
How Much Funding Has Moneyview Raised?
- Series A
- Amount Raised: ₹101.7M
- Date: October 2014
- Lead Investors: Accel, Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of their financial management platform.
- Venture Round
- Amount Raised: ₹529.1M
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and improve user experience.
- Venture Round
- Amount Raised: ₹660M
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series C
- Amount Raised: ₹995.7M
- Date: December 2018
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's technology and expand the team.
- Series D
- Amount Raised: $75M
- Date: March 2022
- Lead Investors: Accel, Evolvence India Fund, Tiger Global Management, Winter Capital
- Valuation at Round: $625M
- Motivation Behind the Round: To support the company's growth and expansion of its credit products and services.
- Series E
- Amount Raised: $75M
- Date: December 2022
- Lead Investors: Apis Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the core credit business, grow the team, and expand the product portfolio to include digital bank accounts, insurance, and wealth management solutions.
- Venture Round
- Amount Raised: ₹386.4M
- Date: September 2024
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further innovate and expand their financial services offerings.
Total Amount Raised: $150M + ₹2,672.9M
Current Valuation: Not publicly disclosed
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in seed, early, and growth-stage companies. They have a strong presence in the technology sector and have backed numerous successful startups.
- Investment Focus Areas: Technology, internet, consumer services
- Notable Investments: Facebook, Dropbox, Flipkart
- Apis Partners
- Details: Apis Partners is a UK-based private equity firm that supports growth-stage financial services and financial infrastructure businesses. They are known for their focus on social impact and ESG (Environmental, Social, and Governance) criteria.
- Investment Focus Areas: Financial services, financial infrastructure, social impact
- Notable Investments: Not publicly disclosed
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a reputation for backing high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Not publicly disclosed
- Winter Capital
- Details: Winter Capital is an investment firm that participates in growth-stage investments. They have a diverse portfolio and are known for their strategic investments in emerging markets.
- Investment Focus Areas: Growth-stage investments
- Notable Investments: Not publicly disclosed
- Evolvence India Fund
- Details: Evolvence India Fund is an investment firm that focuses on private equity and venture capital investments. They have a strong presence in the Indian market and support companies across various sectors.
- Investment Focus Areas: Private equity, venture capital
- Notable Investments: Not publicly disclosed
What's Next for Moneyview?
Moneyview is poised to capitalize on the vast opportunities in India's financial sector. With plans to expand its product portfolio to include digital bank accounts, insurance, and wealth management solutions, the company aims to serve over 200 million underserved customers, particularly in Tier 2/3 cities. This expansion is supported by the recent $75 million Series E funding round, which will also help scale their core credit business and grow their team.
Future fundraising opportunities appear promising, especially with the backing of prominent investors like Apis Partners, Tiger Global, Winter Capital, and Evolvence. These funds could be directed towards further scaling operations, entering new markets, or developing innovative financial products. However, Moneyview may face challenges such as regulatory hurdles, competition from other fintech companies, and ensuring data security for its large user base.
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