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Exclusive: Moneyview set to turn unicorn in Series F round

Entrackr · 12m ago

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.