Lending technology startup Moneyview has achieved unicorn status after a successful equity funding round, securing ₹38.6 crore (around $4.6 million). This major milestone came through investments from Accel India and Nexus Ventures, further boosting the growth of funding startup Moneyview.
The funding round saw the issuance of 60.23 lakh equity shares at ₹64.15 each, as approved by the startup Moneyview’s board earlier this month. Accel India contributed₹19.5 crore, while Nexus Ventures invested₹19.1 crore, according to filings with the Ministry of Corporate Affairs. This funding round values Moneyview at $1.2 billion, marking its entry into the unicorn club.
In addition to the recent funding, Moneyview’s board has authorized a separate resolution to raise ₹250 crore (around $29.8 million) through the private placement of non-convertible debentures. This move is part of the startup company’s strategy to further expand its financial resources.
Rumors also suggest that Moneyview is in the process of raising between $50 to $60 million in its upcoming series F funding round. It remains unclear if the recent investment from Accel and Nexus is part of this larger funding effort, as the company did not respond to an email inquiry before publication.
Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview provides a range of financial services, including personal loans, finance management solutions, and credit tracking. The company competes with other fintech firms such as Flexiloans and Fibe.
Before this round, Moneyview had raised $75 million in its Series E funding round in December 2022, led by Apis Partners, at a valuation of $900 million.
In a related development, Moneyview announced the acquisition of Jify, an earned wage access platform, on September 12. The acquisition, completed through a share swap, will allow Moneyview to broaden its suite of financial products, encompassing credit, savings, and investment solutions.
With this latest achievement, Moneyview becomes the sixth startup to join the unicorn ranks this year, following Krutrim, Perfios, RateGain, Ather Energy, and Rapido. Earlier this month, Rapido also made headlines by securing $200 million in a Series E funding round led by WestBridge Capital, reaching a valuation of $1.1 billion.
