Newly Turned Unicorn Moneyview Buys Jify To Expand Its Lending Play

Newly Turned Unicorn Moneyview Buys Jify To Expand Its Lending Play

SUMMARY

As part of the deal, Jify’s existing backers Accel and Nexus Venture Partners were allotted shares of Moneyview

This comes on the back of Moneyview entering the coveted unicorn club after raking in INR 38.6 Cr (about $4.6 Mn) in an equity funding round from Accel India and Nexus Ventures

The buyout will help Moneyview strengthen its financial offerings and scale up user base, while also facilitating Jify to expand its offerings to more customers and enterprises

Lending tech unicorn Moneyview has bought Mumbai-based fintech platform Jify in a share swap deal to expand its offerings. However, the company did not disclose the financial terms of the deal.

As part of the deal, Jify’s existing backers Accel and Nexus Venture Partners were allotted shares of Moneyview.

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