PE giant Apis Partners is expected to lead the Money View funding round.

Sources have told The Economic Times that Money View, an Indian fintech, is in talks to raise up to $150 million at a valuation of $900 million to $925 million pre-money and over $1 billion post-money. The sources also revealed that global private equity giant Apis Partners is expected to join as a new investor and lead the round.

In previous transactions, Apis invested in start-ups such as online payments services provider, Cashfree; crowdfunding platform, Impact Guru; non-bank finance company, Hero FinCorp; and health insurer, Star Health in India.

On the other hand, Money View would secure a sizeable jump in valuation considering it was valued at $ 615 million in a $ 75 million series D funding round in March this year. Investors included Tiger Global, Winter Capital, Evolvence India and Accel.

Founder Puneet Agarwal said in May that the company had been profitable for over a year and was on track to clock an annualised revenue run rate of about $ 80 million.

“Given the recent change in guidelines for digital lenders, most of these companies will need to shore up capital for the short term and ensure that they ride through any liquidity requirements that may arise,” said a third person who was aware of interest from investors in Money View. “In Money View’s case, it’s profitable and a well performing book which comes out as an exception and hence there could be strong equity interest.”

Nevertheless, the deal is being negotiated at a time when the Southeast Asia market has seen a sharp slowdown in deal flow as well as a cut in funding amounts.

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