RevX Capital, Motilal Oswal, and other investors have contributed Rs 100 crore (roughly $11.4 million) to the consumer lending platform Moneyview. The injection comes at a time when the company has been gearing up for a future public listing. In June, Moneyview also became a publicly traded company.
Key Highlights
- Moneyview raised ₹100 crore debt via non-convertible debentures backed by multiple financiers.
- The company appointed three independent non-executive directors, strengthening governance ahead of its public-listing ambitions.
Moneyview's board issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each in order to raise Rs 100 crore, according to the company's registration with the Registrar of Companies (RoC).
Arthos Corporate and ElectroMech India contributed Rs 11 crore and Rs 4 crore, respectively, while RevX Capital led the round with Rs 45 crore and Motilal Oswal with Rs 40 crore.
According to the filing, the business sponsored by Tiger Global is expected to raise more loans in several tranches totaling up to Rs 750 crore.
Alpana Parida, Sameer Kumar Baiswala, and Anil Berera have been appointed as non-executive independent directors of Moneyview in accordance with regulatory requirements, according to a separate filing made by the business in September.
Moneyview was established in 2014 and works with more than 15 lenders to provide customized products such fast loans, cards, BNPL, and financial management tools. Additionally, it intends to grow into wealth management services, insurance, and digital bank accounts.
The company claims to have over 5 crore app downloads and over 65 million users.
The Bengaluru-based company has raised over $240 million in many rounds from investors like Accel, Tiger Global, and Ribbit Capital, according to startup tracking portal TheKredible.
Also Read: Moneyview FY25 Profit Rises to Rs 240 Cr as Revenue Jumps 74%
According to a report, the Bengaluru-based business raised $4.6 million from Accel and Nexus Venture Partners to join the unicorn club in September of last year.
In terms of finances, Moneyview reported a 74% YoY rise in revenue in FY25 while maintaining its robust growth rate. The financial unicorn's earnings increased 40% to Rs 240 crore over the course of the year.
According to media sources, Moneyview has selected Axis Capital, Kotak Mahindra, and other banking partners in order to generate around $400 million (about Rs 3,400 crore) through its initial public offering (IPO).
