Moneyview raises $75m in a Series E funding round
By Leandra Monteiro
Indian FinTech company Moneyview has raised $75 million in its Series E round, led by private equity giant Apis Partners, a UK-based asset manager that supports growth-stage financial services and financial infrastructure businesses. The round also saw participation from Tiger Global, Winter Capital and Evolvence.
The proceeds of this capital raise will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions in order to solidify its leadership position.
On securing the funding, Puneet Agarwal, CEO of Moneyview said, “Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in India with great success. We are thrilled to have Apis Partners join us in our journey and with their support, we look forward to becoming India’s leading online credit platform with innovative and holistic financial solutions.”
Apis Partners was drawn to the differentiated credit solutions platform built by Moneyview and its rapid ascent to market leadership while delivering profitability metrics. As an ESG & Impact native investor, Apis Partners will be applying its social impact framework, the Apis Impact Management System, in conjunction with its sector-specific expertise to help Moneyview continue scaling its platform, building new partnerships, and diversifying its product portfolio, as part of the Company’s wider purpose of serving financially underserved consumers across India.
“We are delighted to announce our investment with Money View, and it has been a real pleasure working with Puneet, Sanjay and their talented team throughout the process. Money View has achieved great success already, with their credit products democratising the access for millions of customers in India, and we are truly excited to partner with the company at this stage of its journey” said Matteo Stefanel, Co-founder and Managing Partner at Apis Partners.
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March 24, 2023
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