Founded in 2014, Bengaluru-headquartered Money View is now valued at $900 million, up from $615 million in a $75 million series D funding round last March
The funding will be used to scale its core credit business, grow the team and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions.
Founded in 2014, Bengaluru-headquartered Money View is now valued at $900 million, up from $615 million in a $75 million series D funding round last March.
Other investors in the latest round include Tiger Global, Winter Capital and Evolvence.
With more than 40 million app downloads, the fintech is currently operating at an annualised disbursal run rate of $1.2 billion and is currently managing assets worth more than $800m.
Money View offers credit products and financial management solutions to underserved customers in India.
On securing the funding, Puneet Agarwal, chief executive officer 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.”
Udayan Goyal, co-founder and managing partner at Apis Partners, added: “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 (environmental, social, governance and impact) principles.
“Money View’s strong track record speaks for itself, and we are confident that we will be able to celebrate more successes with the company in the coming months and years.”