Financial technology startup Money View, based in Bengaluru, India, announced on Monday that it has raised $75 million in its Series E funding round, which was led by private equity firm Apis Partners and included participation from Tiger Global, Winter Capital, and Evolvence.
The funding round values the online financial services provider at $900 million. This marks the second fundraise for Money View this year, following a $75 million Series D round in March, which valued the company at $625 million.
Founded in 2014, Money View offers personalized credit products and personal financial management solutions to end consumers. The company plans to use the proceeds from the latest round of funding for growth capital to scale its core credit business, expand its team, and add digital bank accounts, insurance, and wealth management solutions to its product portfolio.
Money View is currently operating at an annualized disbursal rate of $1.2 billion and managing assets under management of over $800 million. It has been unit economic positive since inception and profitable for the past two years.
The latest fundraise for Money View comes at a time when investments in growth- and late-stage startups have been declining due to higher interest rates and weaker global public markets.