Bengaluru-based lendingtech startup, Money View, has reported a consolidated net profit of INR 17.72 Cr ($2.3 million) in the financial year 2021-22, as its revenue growth outpaced the rise in expenses. The startup’s revenue from operations jumped 4.27X to INR 253.25 Cr ($33 million) in FY22 from INR 59.24 Cr ($7.8 million) in FY21. Including other income, total revenue rose to INR 258.04 Cr ($34 million) from INR 65.76 Cr ($8.7 million) in FY21. Money View claims to have recorded more than 40 Mn app downloads and total loan disbursal of INR 9,000 Cr ($1.2 billion) to date. The startup raised $150 Mn across two funding rounds of $75 Mn each in March and December 2022. After the last funding round, Money View’s valuation stood at $900 Mn, just shy of unicorn valuation.
The lendingtech platform competes against the likes of ZestMoney, Kissht, and Lendingkart, and is backed by marquee investors such as Tiger Global, Winter Capital, Evolvence India, Accel and Apis Partners. Money View is a lendingtech startup based in Bengaluru, India, founded in 2014 by Puneet Agarwal and Sanjay Aggarwal. The company offers customized loans and BNPL (Buy Now Pay Later) products up to INR 5 lakh to individual customers. Along with this, it provides personal financial management solutions to individuals. The company claims to have recorded more than 40 million app downloads and a total loan disbursal of INR 9,000 crore to date. It also claims to have assets under management (AUMs) of over $800 million.