FinTech: India’s Money View In Talks To Raise $150M At $1B Valuation

October 28, 2022 | FinTech, Latest News, News, Venture Capital
https://dailyalts.com/wp-content/uploads/2022/10/Moneyview.png

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.

Related Story: India’s PhonePe On Decacorn Path, Mulls Fundraise At Over $12B Valuation

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/12/ezgif.com-gif-maker.gif
Venture Capital: Swedish Electric Self-Driving Truck Start-up Einride Lands $500M
December 8, 2022     ESG and Sustainability, News, Venture Capital

Einride, the Swedish electric self-driving truck start-up, announced a raise of $500 million comprising an equity-based $200 million Series C portion from investors including Northzone, EQT Ventures, Temasek, Swedish pension…

https://dailyalts.com/wp-content/uploads/2022/12/whatsapp-icon-g93b9d385e_640.jpg
FinTech: Brazil’s MercadoLibre To Process Business Payments On WhatsApp
December 8, 2022     FinTech, News

Pedro Arnt, CFO at Latin American e-commerce retailer and fintech firm MercadoLibre (NASDAQ: MELI) is in discussions with Meta (NASDAQ: META) to process payments in Brazil on the latter’s WhatsApp…

https://dailyalts.com/wp-content/uploads/2022/12/architecture-gc5023d3e5_640.jpg
Alternative Investments/Real Estate: Dimensional Launches Global Real Estate ETF
December 8, 2022     Alternative Investments, News, Real Estate

Dimensional Fund Advisors has added a real estate ETF to its ETF line-up. The Dimensional Global Real Estate ETF offers investors the opportunity to invest in a variety of US…

https://dailyalts.com/wp-content/uploads/2022/12/movie-projector-run-by-a-lunatic.jpg
Artificial Intelligence: Soon, A New York Festival For AI-Created Films
December 8, 2022     Artificial Intelligence, News

Runway ML, the company behind text-to-image AI system Stable Diffusion, is hosting a festival of short films made using AI. Films with a runtime of between one and 10 minutes…