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Moneyview was founded in 2014 by Puneet Agarwal[6] and Sanjay Aggarwal [7] with the aim of simplifying finances[8] and providing financial inclusion to all Indians. The company initially started with providing a financial management app for Android.[9]
Moneyview is a founding member of the Digital Lending Association of India (DLAI).[10]
As of December 2022, Moneyview had an annualized disbursal run-rate of $1.2 billion,[11] with over $800 million in assets under management.
Business model
Moneyview's digital lending works on a revenue-sharing arrangement with its lending partners,[12][13] where the company bears the cost of acquiring and servicing customers, and the lender provides the capital.[14]
As of September 2023, Moneyview has participated in 8 funding rounds and has raised a total of $220M from 22 investors.[22] The latest funding was raised in December 2022 in a Series-E round.[23][24] This round of funding focuses on advancing Moneyview’s primary business and expanding products like digital bank accounts, insurance, and wealth management solutions to its portfolio.[25]
Subsidiaries
On September 2024 , Moneyview acquired Bengaluru-based Jify,[26] an employee benefit startup. This acquisition propelled Moneyview to unicorn status[27][28] following the allotment of shares worth ₹38.64 crore (approximately $4.65 million)[29] to Jify’s existing investors, Accel India and Nexus Ventures.
References
^"Contact Us". Google Maps. Retrieved 10 February 2025.
