Money View

The Winter Capital fund associated with Potanin has invested in an Indian platform for lending to individuals

Money View is an online platform that offers a wide range of personalized credit products, such as instant personal loans, cards and other personal financial management solutions. The company cooperates with more than 15 financial institutions, offering credit and financial products on its platform.

History

2022: Raising $75 million, including from Winter Capital

In early March 2022, the Money View financial platform raised $75 million from the Winter Capital fund (billionaire Vladimir Potanin is a key investor in the fund) and a number of other investors. According to the results of this round of financing, the Indian startup is estimated at $625 million.

The raised financing at Money View will be used as growth capital to scale the main credit business, grow the team and expand the product portfolio through services such as digital bank accounts, insurance and condition management solutions.

With more than 1 million monthly application downloads, Money View serves 200 + million customers who do not have sufficient banking services. The main clients of the Money View platform are users who are often ignored by banks and other financial institutions to meet their financial needs. Money View digital technology allows you to cover all of India, with 75% of users coming from large cities. The company's own data models allow you to credit low-service segments.

Money View has grown 4 times year on year since January 2021, the company has strong economic efficiency and high profitability. The Indian platform for lending to individuals issues loans in the amount of $700 million per year and plans to reach $1 billion by March 2023.^[1]

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