Total amount raised
$188.3 Million
Latest funding date
9/1/2024
Location
Moneyview has successfully raised funding over 7 rounds, with the latest being a Venture - Series Unknown round. The platform offers a range of financial services, including personal loans, home loans, and credit cards.
With backing from notable investors like Nexus Ventures and Accel, Moneyview continues to expand its offerings and user base. Keep reading to explore the intricacies of Moneyview's fundraising journey and the investors supporting this dynamic platform.
What Is Moneyview?
Moneyview is a digital platform based in Bangalore, Karnataka, India, offering a variety of financial services. The company operates in the finance, financial services, fintech, lending, and personal finance industries. It has an employee count of 251-500.
Moneyview provides a credit platform that includes personal loans, home loans, business loans, loans against property, credit cards, fixed deposits, digital gold, motor insurance, and credit tracking. The platform emphasizes security with ISO 27001:2022 certification and 256-bit data encryption, aiming to simplify financial management for users with minimal documentation and quick disbursement of funds.
How Much Funding Has Moneyview Raised?
- Series A
- Amount Raised: USD 1,017,000
- 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 the platform.
- Series Unknown
- Amount Raised: USD 5,291,000
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's user base and enhance its features.
- Series Unknown
- Amount Raised: USD 6,600,000
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and improve service offerings.
- Series C
- Amount Raised: USD 9,957,000
- Date: December 2018
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's technology and expand into new markets.
- Series D
- Amount Raised: USD 75,000,000
- Date: March 2022
- Lead Investors: Accel, Evolvence India Fund, Tiger Global Management, Winter Capital
- Valuation at Round: USD 625,000,000
- Motivation Behind the Round: To support the growth and expansion of Moneyview's credit products and services.
- Series E
- Amount Raised: USD 75,000,000
- 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.
- Series Unknown
- Amount Raised: USD 3,864,000
- Date: September 2024
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the platform's offerings and user base.
Total Amount Raised: USD 176,729,000. 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 and internet sectors.
- Investment Focus Areas: Technology, internet, consumer services
- Notable Investments: Facebook, Dropbox, Slack
- 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 investments.
- Investment Focus Areas: Financial services, financial infrastructure, social impact
- Notable Investments: Not publicly disclosed
- Tiger Global Management
- Details: Tiger Global 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 focuses on high-growth companies across various sectors. They have participated in multiple funding rounds for Moneyview.
- Investment Focus Areas: High-growth companies, various sectors
- Notable Investments: Not publicly disclosed
- Evolvence India Fund
- Details: Evolvence is a private equity firm that invests in growth-stage companies. They have a strong focus on the Indian market.
- Investment Focus Areas: Growth-stage companies, Indian market
- Notable Investments: Not publicly disclosed
What's Next for Moneyview?
Moneyview is poised to capitalize on the burgeoning fintech market in India, particularly in Tier 2 and Tier 3 cities. With a focus on scaling its core credit business and expanding its product portfolio to include digital bank accounts, insurance, and wealth management solutions, the company is well-positioned to serve over 200 million underserved customers. This expansion presents a significant opportunity for growth, driven by increasing demand for personalized financial products and services.
Future fundraising opportunities appear promising, given the successful Series E round led by Apis Partners. Additional equity rounds or strategic investments could further support Moneyview's ambitious plans. However, the company may face challenges such as competition from other fintech firms, regulatory hurdles, and the need to ensure data security and privacy for its large user base. Despite these challenges, Moneyview's strong market position and innovative approach make it a key player to watch in the fintech industry.
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