Moneyview Secures Rs 100 Crore in New Funding

Moneyview, a prominent consumer lending platform, has completed a funding round of Rs 100 crore (approximately $11.4 million) in debt from RevX Capital, Motilal Oswal, and other investors. This funding arrives as the company prepares for a potential public listing. Furthermore, Moneyview transitioned to a public entity in June.

Details of the Funding Round

As per the filing with the Registrar of Companies (RoC), Moneyview’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to achieve the funding target of Rs 100 crore. RevX Capital took the lead in this round with an investment of Rs 45 crore, followed closely by Motilal Oswal with Rs 40 crore. Additionally, Arthos Corporate and ElectroMech India contributed Rs 11 crore and Rs 4 crore, respectively. Reports indicate that Moneyview is likely to raise additional debt in several stages, potentially accumulating up to Rs 750 crore.

Management Changes

In a separate filing from September, the company disclosed the appointment of Alpana Parida, Sameer Kumar Baiswala, and Anil Berera as non-executive independent directors, in compliance with regulatory requirements.

Company Overview

Founded in 2014, Moneyview provides tailored financial products such as instant loans, credit cards, BNPL services, and financial management tools, collaborating with over 15 lenders. The company is also set to expand its offerings to include digital bank accounts, insurance, and wealth management services. It boasts a user base exceeding 65 million, alongside more than 5 crore app downloads.

Funding History

According to various sources within the startup ecosystem, the Bengaluru-based company has raised over $240 million across several funding rounds from notable investors, including Accel, Tiger Global, and Ribbit Capital. Moneyview joined the unicorn club in September of the previous year after securing $4.6 million from Accel and Nexus Venture Partners, as exclusively reported by Startup Superb.

Financial Performance

On the financial front, Moneyview has demonstrated robust growth, reporting a 74% year-on-year increase in revenue for FY25. Concurrently, the profits for this fintech unicorn rose by 40% to reach Rs 240 crore during the same period. Media reports suggest that Moneyview is planning to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO) and has enlisted Axis Capital, Kotak Mahindra, and other firms as its banking partners.