Money View, an online financial services provider, announced that it has raised $75 million from Tiger Global, Winter Capital, Evolvence India, and Accel in a new round of funding.

Other investors in the current round included South Park Commons, Trusted Insight, and Dream Incubator, according to a prepared statement released by the company on Wednesday.

The new fundraise has increased the company's valuation to $625 million.
The new money will be used to scale the core credit business, develop the workforce, and expand the company's product line with services such as digital bank accounts, insurance, and wealth management solutions, according to the company.

Money View, which was founded in 2014, offers individuals personal loans and buy-now-pay-later (BNPL) products worth up to Rs 5 lakh. It also provides end users with personal financial management solutions. The Bengaluru-based fintech has partnered with over 15 financial institutions for its lending solutions.
The company had previously raised Rs 100 crore in December 2018, with Accel taking part in the round.

Money View claims to have over 1 million app downloads per month and 200 million users, according to the company. Furthermore, Tier 2 and 3 cities account for 75% of its total user base.

Tiger Global has been bullish on the lending segment in India over the last year. It backed Sequoia-backed Progcap, which provides loans to retailers, in June of last year. It also invested in M2P Fintech, a fintech and banking infrastructure provider. Jupiter and Niyo are also part of Tiger's neo-banking portfolio in India.

According to Money View, it has quadrupled in size and is now disbursing loans at a $700 million annualised run rate. Over the next 12 months, the company hopes to reach $1 billion in assets under management.

The company also claims to be on track to become profitable. Ribbit Capital is one of the other investors in Money View.