Debt financing

Digital lender Moneyview raises Rs.100-Cr from RevX Capital, Motilal Oswal, others

Entrackr  

Bengaluru-based Moneyview has raised INR 100 crore (around USD 11.4 million) in debt from RevX Capital, Motilal Oswal, Arthos Corporate, and ElectroMech India. RevX Capital led the round with INR 45 crore, followed by Motilal Oswal with INR 40 crore. Arthos Corporate and ElectroMech India contributed INR 11 crore and INR 4 crore, respectively.Founded in 2014, Moneyview offers personalised products, including instant loans, cards, BNPL, and financial management tools, through partnerships with over 15 lenders. The company aims to expand its services to include digital bank accounts, insurance, and wealth management. Moneyview claims to have more than 65 million users. It reported a 74% year-on-year revenue increase in FY25, with profits growing 40% to INR 240 crore.The company is planning an initial public offering (IPO) to raise over USD 400 million (around INR 3,400 crore), with Axis Capital and Kotak Mahindra among its banking partners. It may also raise additional debt of up to INR 750 crore in multiple tranches.

Between Nov 2014 and Sep 2024, MoneyView had attracted about USD 245 M from Trifecta Capital, Accel India, Nexus Venture Partners, Apis Partners, Evolvence, Tiger Global, Winter Capital and others.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.