Lending tech startup Moneyview raised INR 38.6 Cr (~$4.6 Mn) from Accel India and Nexus Ventures. The funding pushed its valuation to $1.2 Bn, making it a unicorn.
Accel invested INR 19.5 Cr, while Nexus Ventures contributed INR 19.1 Cr. The startup's shares were issued at INR 64.15 each.
Moneyview is reportedly in discussions to raise $50-$60 Mn in its Series F round. The recent investment may be part of this larger funding effort.
Founded in 2014, Moneyview acquired the earned wage access platform Jify, broadening its offerings across loans, savings, and investment products.
Moneyview becomes the sixth startup to achieve unicorn status in 2024, joining companies like Krutrim, Perfios, and Rapido.