Lending platform Moneyview is set to secure Rs.250 crore (approximately $30 million) through private placements, marking its first significant debt round in the past three years. The Moneyview board has approved a special resolution to issue non-convertible debentures up to Rs.250 crore, according to the Registrar of Companies.

The debt raised will be allocated for growth, working capital, and general corporate purposes.

Moneyview is also nearing unicorn status, with ongoing discussions to raise $50-60 million. This funding round will include participation from new investors alongside existing ones such as Apis Partners, Accel Partners, and Evolvence India, as reported exclusively by Entrackr in July.

Backed by Tiger Global, Moneyview has raised approximately $190 million to date, including a $75 million Series E round led by Apis Partners. The company was valued at $900 million during its last equity round.

According to TheKredible, Accel was the largest external shareholder with 22.28%, followed by Tiger Global with 12%. Co-founders Puneet and Sanjay Agarwal together hold 24% of the firm. Other notable investors include Ribbit Capital, Apis Partners, Winter Capital, and Evolvence.

Founded in 2014, Moneyview specializes in personal and home loans, credit cards, credit score viewing, motor insurance, and loans against property. The firm also offers credit through its own NBFC, Whizdm Finance, and claims to have disbursed loans totaling Rs.12,000 crore during its decade-long operation.

Although Moneyview has not yet released its FY24 financials, the company reported a 2.6x increase in revenue from operations to Rs.577 crore in FY23, with a 27x growth in profit to Rs.163 crore for the same period.