While Accel invested INR 19.5 Cr in Moneyview, Nexus invested INR 19.1 Cr. This could be part of a larger funding round
As per Inc42 calculations, the fintech startup was valued at $1.2 Bn in the funding round. With this, it became the sixth startup to turn unicorn in 2024 so far
Meanwhile, Moneyview announced the acquisition of earned wage access platform Jify to diversify its offerings
Lending tech startup Moneyview has attained the coveted unicorn tag after raising INR 38.6 Cr (about $4.6 Mn) in a equity funding round from Accel India and Nexus Ventures.
Earlier this month, the startup’s board of directors approved issuance and allotment of 60.23 Lakh equity shares to Accel and Nexus Ventures at INR 64.15 apiece. While Accel invested INR 19.5 Cr in the startup, Nexus invested INR 19.1 Cr, as per its filings with the Ministry of Corporate Affairs.