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Exclusive: Moneyview becomes unicorn with new funding

EntrackrEntrackr · 1y ago
Exclusive: Moneyview becomes unicorn with new funding
Medial

Consumer lending platform Moneyview has turned unicorn in a new funding round from the existing investors Accel India and Nexus Ventures. The board at Moneyview has passed a special resolution to issue 60,23,382 equity shares at an issue price of Rs 64.15 each to raise Rs 38.64 crore (approximately $4.65 million), according to regulatory filings sourced from the Registrar of Companies (RoC). Accel India has invested Rs 29 crore, while Nexus Ventures pumped in Rs 19 crore. The round appears to be ongoing, with the company likely to raise additional capital in the coming months. According to the startup data intelligence platform TheKredible, Moneyview has been valued at around Rs 10,086 crore or $1.2 billion (post-allotment). Moneyview was valued at $900 million when it raked in $75 million led by Tiger Global in December 2022. In July, Entrackr exclusively reported that Moneyview is in the process of raising $50-60 million in a new round. The firm is also on the brink of receiving $30 million in debt through private placements. The debt round was exclusively reported by Entrackr on September 2. Ten-year-old Moneyview primarily deals in personal and home loans, credit cards, credit score, motor insurance and loans against property. The firm also provides credit through its own NBFC, Whizdm Finance, and claims to have disbursed overall loans worth Rs 12,000 crore. Moneyview’s revenue from operations grew 2.6X to Rs 577 crore in FY23 while its profit mounted 27X to Rs 163 crore during the fiscal year. According to the company’s internal document accessed by Entrackr, Moneyview’s profit before tax stood at Rs 175 crore in FY24. Accel was the largest external stakeholder in Moneyview with 22.28% followed by Tiger Global with 12% as of Series E round. Check TheKredible for a complete cap table. In 2024, six startups including Moneyview, Krutrim, Perfios, Porter, Rapdio, and Ather checked into the unicorn club. Notably, all of these companies are headquartered in Bengaluru.

Exclusive: Moneyview raising $30 Mn debt via private placement

EntrackrEntrackr · 1y ago
Exclusive: Moneyview raising $30 Mn debt via private placement
Medial

Lending platform Moneyview is receiving Rs 250 crore (approximately $30 million) in debt through private placements. This will be the first major debt round for the Bengaluru-based firm in the past three years. The board Moneyview has passed a special resolution to issue non-convertible debentures up to Rs 250 crore, according to internal documents obtained by Entrackr from the Registrar of Companies. As per the documents, the debt infusion will be used for growth, working capital, and general corporate purposes. Moneyview is also on the brink of joining the prestigious unicorn club, with discussions underway to raise $50-60 million. The funding round will see participation from new investors alongside existing ones such as Apis Partners, Accel Partners, and Evolvence India. Entrackr had exclusively reported the development in July. The Tiger Global-backed company has raised around $190 million to date including a $75 million Series E round led by Apis Partners. The firm was valued at $900 million during its last equity round. According to the startup data intelligence platform TheKredible, Accel was the largest external stakeholder in Moneyview with 22.28% followed by Tiger Global which held 12% of the company as of the last funding round. Its co-founders Puneet and Sanjay Agarwal cumulatively command 24% capital of the firm. Ribbit Capital, Apis Partners, Winter Capital, and Evolvence are other notable investors in Moneyview. See TheKredible for the detailed shareholding pattern. Founded in 2014, Moneyview largely deals in personal and home loans, credit cards, credit score viewing, motor insurance and loans against property. Besides third parties, the firm also offers credit through its own NBFC — Whizdm Finance. It claims to have disbursed loans worth Rs 1,2000 crore during its decade-old journey. While Moneyview is yet to disclose FY24 financial numbers, the company’s revenue from operations grew 2.6X to Rs 577 crore in FY23. Its profit mounted 27X to Rs 163 crore during the said fiscal year.

Exclusive: Fintech unicorn Moneyview to convert into public company ahead of IPO

EntrackrEntrackr · 5m ago
Exclusive: Fintech unicorn Moneyview to convert into public company ahead of IPO
Medial

Fintech unicorn Moneyview is set to convert into a public company ahead of its IPO. The company recently changed its parent company’s name from “Whizdm Innovations Private Limited” to “Moneyview Private Limited.” The board has passed a special resolution to convert the company into a public entity, renaming it “Moneyview Limited.” Moneyview aims to raise over $400 million through its IPO, having appointed Axis Capital, Kotak Mahindra, and others as banking partners. Founded in 2014, Moneyview offers loans, credit cards, BNPL, and financial management tools, partnering with over 15 institutions. It has raised over $230 million from investors such as Accel and Tiger Global. For FY24, Moneyview's revenue increased by over 75% to Rs 1,012 crore, with a profit of Rs 171 crore. Other fintech firms like Pine Labs and Razorpay are also preparing to go public.

Exclusive: Moneyview set to turn unicorn in Series F round

EntrackrEntrackr · 1y ago
Exclusive: Moneyview set to turn unicorn in Series F round
Medial

Tech-enabled lending platform Moneyview is likely to turn into a unicorn as the Bengaluru-based firm appears close to finalizing a new round from new and existing investors, said two people familiar with details of the ongoing discussions. The firm last raised $75 million led by Apis Partners in December 2022. “Moneyview is in late stage talks to raise $50-60 million in Series F round,” said one of the sources requesting anonymity as talks are private. “New backers along with existing Apis Partners, Accel Partners and Evolvence India will participate in this round.” The terms of the deal are in the last leg of negotiation and Moneyview will surpass the $1 billion valuation mark, said sources. Moneyview has raised nearly $190 million (Rs 1,563 crore) to date and was valued at around $900 million (Rs 7,300 crore) in its last fundraise. The company had raised back to back rounds ( Series D and E) $75 million each in March and December 2022. If the deal gets through, Moneyview would be the third unicorn of the year. Krutrim SI Designs and Perfios made it to the unicorn club in 2024. Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview largely deals in personal and home loans through third party lenders. It also offers credit cards, credit score viewing and loans against property. The firm’s growth momentum and profitability have attracted new and existing investors, sources outlined. While The company is yet to disclose FY24 financial numbers, MoneyView’s revenue from operations grew 2.6X to Rs 577 crore in FY23. During the same period (FY23), its profit mounted 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 also requested anonymity. “The terms of the acquisition have been finalized which is strategic in nature.” Entrackr couldn’t ascertain the name of the acquiree. Queries sent to Moneyview founders and Accel didn’t elicit any response. As per startup data intelligence platform TheKredible, fintech startups raised over $2 billion across 62 deals during H1 2024. This accounted for 34% or one-third of the total fundraise during the period. When it comes to lending, the total fund raised stood at around $900 million as of the first half of this year.

Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%

EntrackrEntrackr · 13d ago
Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%
Medial

Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74% After growing 75% in FY24, online credit platform MoneyView sustained its momentum with a 74% revenue rise in FY25, while profits increased 40% to Rs 240 crore. Following a 75% year-on-year growth in FY24, online credit platform Moneyview maintained its strong growth momentum and posted another 74% YoY increase in its revenue in FY25. At the same time, profits for the Bangalore-based firm grew 40% to Rs 240 crore during the year. Moneyview’s revenue from operations grew to Rs 2,339 crore in FY25 from Rs 1,342.37 crore in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview provides personalized credit products such as instant personal loans, credit cards, BNPL, and financial management solutions through partner lenders. Its lending partners include Aditya Birla Capital, Northern Arc, Vivriti Capital, Oxyzo, among others. Income from fees and commissions on loan disbursals was the primary revenue driver for MoneyView, contributing over 63% of its total operating revenue, which increased to Rs 1,486.8 crore in FY25. Interest on portfolio loans surged 2.6X to Rs 789 crore, while interest income on deposits and gains from financial assets added another Rs 63.3 crore. The company also earned Rs 39.4 crore in non-operating income, including net fair value gains on financial instruments, taking its total income to Rs 2,738.5 crore in FY25. For the fintech unicorn, impairment on portfolio loans and write-offs were among its largest expenses, amounting to Rs 346 crore in FY25, nearly three times higher year on year. This included Rs 246 crore in write-offs. Another major cost was the Default Loss Guarantee (DLG) expense at Rs 321.7 crore, representing the amount set aside to cover potential loan defaults under guarantee arrangements with partner banks and NBFCs. Together, these costs accounted for over 32% of total expenses. Finance costs also rose nearly threefold to Rs 370 crore, in line with a similar increase in non-current borrowings, which climbed to Rs 1,201 crore during the year. Employee benefit expenses rose 42% to Rs 222.5 crore in FY25, while outsourcing service costs and transaction processing costs stood at Rs 196.6 crore and Rs 51.7 crore, respectively, during the year. Other overheads, including information technology, legal & professional fees, took the company’s overall expenses to Rs 2,059.3 crore in FY25. The significant scale-up helped Moneyview grow its profit by over 40% to Rs 240.3 crore in FY25 from Rs 171.1 crore in FY24. On a unit level, the company spent Rs 0.88 to earn a rupee in FY25. As of March 2025, Moneyview’s current assets stood at Rs 4,198.4 crore, including healthy cash and bank balances of Rs 1,067.7 crore. According to startup data platform TheKredible, the firm has raised over $230 million across multiple rounds from investors including Accel, Tiger Global, and Ribbit Capital, including $4.6 million from Accel and Nexus Venture Partners that turned the company into a unicorn. In June 2025, Moneyview converted into a public entity, indicating its plans to go public. The company is reportedly planning to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO).

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