Moneyview, a prominent Bengaluru-based lending platform, is set to raise Rs 250 crore (approximately $30 million) through a private placement of debt. This marks the company’s first significant debt round in the past three years. The move is a strategic step to support its growth, bolster working capital, and fund general corporate activities.
According to internal documents acquired by Entrackr from the Registrar of Companies, Moneyview’s board has approved the issuance of non-convertible debentures valued at Rs 250 crore. This debt infusion is expected to fuel the company’s expansion plans and operational needs.
In addition to this debt round, Moneyview is on the verge of reaching unicorn status. The company is in advanced discussions to raise $50-60 million, with participation anticipated from both new and existing investors. Notable current investors include Apis Partners, Accel Partners, and Evolvence India. The company’s previous funding round, a $75 million Series E led by Apis Partners, valued Moneyview at $900 million.
Founded in 2014, Moneyview offers a wide array of financial services, including personal and home loans, credit cards, credit score monitoring, motor insurance, and loans against property. The company also provides credit through its own non-banking financial company (NBFC), Whizdm Finance. Over the past decade, Moneyview claims to have disbursed loans totalling Rs 12,000 crore.
With this latest round of funding, Moneyview is poised for significant growth, further solidifying its position in the financial services sector and moving closer to achieving unicorn status.
