Indian fintech startup Money View has just gotten a valuation of $900 million following its latest round of funding. The fintech, which focuses on personal finance, was able to raise $100 million from Sequoia Capital India, DST Global, Saif Partners, and several other venture capital firms.
Money View was founded in 2013, and with the new wave of funding, the company is poised to become one of the most valuable fintech companies in India. The company primarily focuses on services for mobile users, such as auto loan disbursal, savings accounts, and payments. Money View also has a loan aggregation service, which allows customers to compare loan offers from different lenders in one place.
Aside from the new funding, Money View is also restructuring its operations and executive team in order to further strengthen its position in the India fintech landscape. The company recently appointed Anmol Kukreja as its new CEO, who brings years of experience leading digital banking initiatives, including working at HSBC India, PayPal, and Airpay.
The new funding and executive re-shuffle come at a time when Indian fintech is on the rise, with digital banking and payments services becoming more commonplace. The funding also reflects the growing interest from international investors who are looking to take advantage of the booming fintech ecosystem in India.
Overall, the $900 million valuation of Money View matter-of-factly reflects how the Indian fintech sector has just come into its own, with funding and acquisitions accelerating, as a range of fintech services and products gain widespread adoption. With its new funding, Money View will be able to better capitalize on the opportunities, and become an important player in the country’s financial technology space.
