Moneyview raising $30 Mn debt via private placement
Moneyview, a Bengaluru-based lending platform, is set to raise Rs 250 crore ($30 million) through debt via private placements, marking its first significant debt round in three years. The funds will be allocated for growth, working capital, and general corporate purposes. The company is also nearing unicorn status, with plans to raise $50-60 million from new and existing investors, including Apis Partners, Accel Partners, and Evolvence India. To date, Moneyview has raised around $190 million and was valued at $900 million in its last equity round. The firm, which offers various financial services and products, reported a revenue increase to Rs 577 crore and a profit surge to Rs 163 crore for FY23.
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https://entrackr.com/2024/09/e....xclusive-moneyview-r
