Moneyview, a tech-enabled lending platform, is on the verge of becoming a unicorn as the Bengaluru-based company nears the completion of a new funding round with both new and existing investors, according to two sources familiar with the ongoing discussions.
The firm last secured $75 million in December 2022, led by Apis Partners.
“Moneyview is in late-stage talks to raise $50-60 million in a Series F round,” said one source, who requested anonymity due to the private nature of the talks.
The terms of the deal are in the final stages of negotiation, and Moneyview is expected to surpass the $1 billion valuation mark, the sources added.
To date, Moneyview has raised nearly $190 million (Rs 1,563 crore) and was valued at around $900 million (Rs 7,300 crore) in its last funding round. The company raised $75 million each in back-to-back rounds (Series D and E) in March and December 2022.
If the deal goes through, Moneyview would become the third unicorn of the year, following Krutrim SI Designs and Perfios, which both joined the unicorn club in 2024.
Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview primarily deals in personal and home loans through third-party lenders. It also offers credit cards, credit score monitoring, and loans against property.
The firm’s growth momentum and profitability have attracted both new and existing investors, the sources noted. While the company has yet to disclose its FY24 financial figures, Moneyview’s revenue from operations grew 2.6 times to Rs 577 crore in FY23. During the same period, its profit surged 27 times to Rs 163 crore from Rs 6 crore in FY22.
“Moneyview is also set to acquire a mid-stage fintech company,” said another source, who also requested anonymity. “The terms of the acquisition have been finalized and are strategic in nature.”
Queries sent to Moneyview founders and Accel did not elicit any response.
According to startup data intelligence platform TheKredible, fintech startups raised over $2 billion across 62 deals in H1 2024, accounting for 34% of the total fundraising during the period. In the lending sector, approximately $900 million was raised in the first half of this year.