Bengaluru-based fintech startup Money View said on Monday it has raised $75 million in its Series E funding round led by private equity giant Apis Partners.
The round, which saw participation from Tiger Global, Winter Capital and Evolvence, values the online financial services provider at $900 million, the company said.
This is the second fundraise in 2022 for Money View, which picked up $75 million in Series D funding from investors including Tiger Global, Winter Capital, Evolvence India and Accel in March, following which it was valued at $625 million.
Investments in growth- and late-stage startups have slumped this year thanks to high inflation, interest rate hikes in the US, the war in Ukraine, and other macro factors.
The startup said it will use the fresh funds to scale its core credit business, expand its team, and add to its product portfolio with services such as digital bank accounts, insurance, and wealth management solutions.
Money View said it currently has an annualised disbursal run rate of $1.2 billion and managing assets under management (AUMs) of over $800 million. It added that it has been unit-economics positive since inception and profitable for the past two years.
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