Online credit platform Money View has raised $75 million in a Series D round from Tiger Global, Winter Capital, Evolvence India, and Accel. The round also saw the participation of South Park Commons, Trusted Insight and Dream Incubator.
The fresh proceeds will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services like digital bank accounts, insurance, and wealth management solutions, said the Bengaluru-based company in a statement.
As per Money View, it has picked up the new round at a valuation of $625 million. Previously, it had raised Rs 100 crore ($13.3 million) in its Series C round led by Accel.
Eight-year-old Money View offers personalised credit products like instant personal loans, cards, BNPL and personal financial management solutions. It has partnered with over 15 financial institutions for its credit offerings.
Founded by Puneet Agarwal and Sanjay Aggarwal, the company claims that it has over 1 million monthly app downloads and caters to more than 200 million underserved customers.
According to Money View, it has grown by four times in the past year and is disbursing loans at an annualised run rate of $700 million. The company also said that it targets and $1 billion in assets under management (AUM) over the next 12 months.
Like 2021, Tiger Global has continued its investment spree in the ongoing calendar year. The New York-based fund has backed over half a dozen startups this year including DealShare, M2P Fintech, Refyne, LoadShare, ChargeBee, Jar and is in talks with recruitment and employment management startup Multiplier to lead a new round. Entrackr had exclusively reported the development on March 8.
