Lending platform Moneyview likely to turn Unicorn followed by Series F round
Moneyview, a tech-enabled lending platform based in Bengaluru, is on track to become a unicorn as the company is nearing the completion of a new funding round with both new and existing investors, according to sources familiar with the matter.
In December 2022, Apis Partners led the firm's latest funding round, which raised $75 million.
“Moneyview is in late-stage talks to raise $50-60 million in a Series F round,” said a source who requested anonymity due to the private nature of the discussions. “New investors, along with existing backers Apis Partners, Accel Partners, and Evolvence India, will participate in this round.”
Sources said the terms of the deal are in the final stages of negotiation and that Moneyview is expected to surpass the $1 billion valuation mark.
Moneyview has raised nearly $190 million or Rs. 1,563 crore to date and was valued at around $900 million or Rs.7,300 crore) in its last fundraise. The company secured $75 million each in Series D and E rounds in March and December 2022, respectively.
If the deal goes through, Moneyview would become the third unicorn of the year, following Krutrim SI Designs and Perfios, which both joined the unicorn club in 2024.
Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview primarily focuses on personal and home loans through third-party lenders. It also offers credit cards, credit score monitoring, and loans against property.
The firm’s growth momentum and profitability have attracted both new and existing investors, sources said. Although Moneyview has yet to disclose its FY24 financial figures, the company’s revenue from operations grew 2.6x to Rs. 577 crore in FY23, while its profit surged 27x to Rs. 163 crore from Rs. 6 crore in FY22.
“Moneyview is also set to acquire a mid-stage fintech company,” said another source who requested anonymity. “The terms of the acquisition have been finalized and are strategic in nature.”
According to startup data intelligence platform TheKredible, fintech startups raised over $2 billion across 62 deals in H1 2024, making up 34% of the total fundraising for the period. Of this, approximately $900 million was raised for lending activities
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In December 2022, Apis Partners led the firm's latest funding round, which raised $75 million.
“Moneyview is in late-stage talks to raise $50-60 million in a Series F round,” said a source who requested anonymity due to the private nature of the discussions. “New investors, along with existing backers Apis Partners, Accel Partners, and Evolvence India, will participate in this round.”
Sources said the terms of the deal are in the final stages of negotiation and that Moneyview is expected to surpass the $1 billion valuation mark.
Moneyview has raised nearly $190 million or Rs. 1,563 crore to date and was valued at around $900 million or Rs.7,300 crore) in its last fundraise. The company secured $75 million each in Series D and E rounds in March and December 2022, respectively.
If the deal goes through, Moneyview would become the third unicorn of the year, following Krutrim SI Designs and Perfios, which both joined the unicorn club in 2024.
Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview primarily focuses on personal and home loans through third-party lenders. It also offers credit cards, credit score monitoring, and loans against property.
The firm’s growth momentum and profitability have attracted both new and existing investors, sources said. Although Moneyview has yet to disclose its FY24 financial figures, the company’s revenue from operations grew 2.6x to Rs. 577 crore in FY23, while its profit surged 27x to Rs. 163 crore from Rs. 6 crore in FY22.
“Moneyview is also set to acquire a mid-stage fintech company,” said another source who requested anonymity. “The terms of the acquisition have been finalized and are strategic in nature.”
According to startup data intelligence platform TheKredible, fintech startups raised over $2 billion across 62 deals in H1 2024, making up 34% of the total fundraising for the period. Of this, approximately $900 million was raised for lending activities
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