4 April 2023
Apis Partners invests in Money View, a leading online financial services platform
26th December 2022, London, United Kingdom: Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (“Apis Partners”), a UK-based asset manager that supports growth stage financial services and financial infrastructure businesses, led a $75 million funding round in Money View (“the Company”), a Bengaluru based fintech leader, at a pre money valuation of $825m, along with participation from Tiger Global, Winter Capital and Evolvence.
Founded in 2014, Money View is a leading online financial services platform providing personalized credit products and personal financial management solutions. With over 40 million app downloads, the Company is currently operating at an annualized disbursal run rate of $1.2 billion and is currently managing AUMs of over $800 million. Money View has been unit economic positive since inception and has been profitable for the past two years.
The proceeds of this capital raise will be used as growth capital to scale the core credit business, grow the team, and expand its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions in order to solidify its leadership position.
Financial services specialist investor Apis Partners was drawn to the differentiated credit solutions platform built by Money View and its rapid ascent to market leadership while delivering industry-leading profitability metrics. As an ESG & Impact (“ESGI”)-native investor, Apis Partners will be applying its industry leading social impact framework, the Apis Impact Management System (“AIMS”), in conjunction with its sector-specific expertise to help Money View continue scaling its platform, building new partnerships, and diversifying its product portfolio, as part of the Company’s wider purpose of serving financially underserved consumers across India with convenient access to finance. In doing so, Money View fulfils important credit needs for a wider group of customers by delivering affordable, accessible, and appropriate financial services, thereby helping to democratise access to finance in India.
On securing the funding, Puneet Agarwal, CEO of Money View said, “Our performance and growth over the past two years has allowed us to drive our mission of true financial inclusion in India with great success. We are thrilled to have Apis Partners join us in our journey and with their support, we look forward to becoming India’s leading online credit platform with innovative and holistic financial solutions.”
“We are delighted to announce our investment with Money View, and it has been a real pleasure working with Puneet, Sanjay and their talented team throughout the process. Money View has achieved great success already, with their credit products democratising the access for millions of customers in India, and we are truly excited to partner with the company at this stage of its journey” said Matteo Stefanel, Co-founder and Managing Partner at Apis Partners.
“Money View is one of the most innovative and successful digital credit businesses across our markets and the company has attained market leadership in India while delivering high profitability and a strong focus on ESGI principles. Money View’s strong track record speaks for itself, and we are confident that we will be able to celebrate more successes with the company in the coming months and years” said Udayan Goyal, Co-founder and Managing Partner at Apis Partners.
About Money View
Money View is a leading online credit platform that offers a full suite of personalized credit products like instant personal loans, BNPL, and personal financial management solutions in India. Their proprietary data models provide a 360-degree risk assessment, enabling credit for the underserved segments. https://moneyview.in
About Apis Partners
The Apis Group (“Apis”) is an ESGI-native global private equity and venture capital asset manager that supports growth-stage financial services and financial infrastructure businesses by providing them with catalytic growth equity capital. Collectively Apis, through its team of approximately 40 professionals with deep industry expertise, manages or advises on total committed capital from investors (including drawn and invested capital) of US$1.2 billion. Including its headquarters in London, Apis has representation in eight countries across Europe, Asia and Africa. Apis is highly conscious of the developmental impact that the provision of growth capital for financial services and financial infrastructure businesses in growth markets can achieve, and as such, financial inclusion is a core tenet of Apis’ approach and investment mandate. Apis became a signatory to the United Nations backed Principles for Responsible Investment (UNPRI) upon inception of the firm in 2014. https://apis.pe
Apis Partners: Francesca Rossi | firstname.lastname@example.org | +44 (0)20 3653 0500
Money View: S V Prasanth Naidu | email@example.com | +91 91640 01281