The Bengaluru based online financial service providing company is likely to be valued to 1 billion US Dollars after the investment.
The company is in talks to raise the fund with private equity company Apis Partners, as a part of new fund raiser. However, there were no comments made on the queries by the company.
The fintech start-up had raised 75 billion US dollars back in march this year, in Series D round of funding. The companies participated in funding were, Tiger Global, Accel, Winter Capital, Evolvence India.
Money view was valued to 625 Million US dollars in March 2022, after the funding raised. The company is to witness 60 percent increase in the valuation, post the investment.
The online financial service providing company Money view, was established in the year 2014 by Puneet Agarwal and Sanjay Agarwal. The firm provides online financial services like, Personal loans ranging from 10,000 INR to 5 Lakhs INR, Buy Now Pay Later (BNPL) and also Personal management Solution to end customers.
The company claims of 600 Cr INR annual revenue rate for the financial year 2022.
The company has partnered with 15 financial institutions for its credit offering. The firm also plans to expand the product portfolio and to launch new services like, digital bank opening, insurances and wealth management solution for the customers.
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