 | |
| Company type | Private |
|---|---|
| Industry |
|
| Founded | 2014 (11 years ago) (2014) |
| Founder |
|
| Headquarters | Bangalore, Karnataka, India |
| Website | moneyview |
Moneyview is an Indian fintech company, operated by Whizdm Innovations Pvt. Ltd., based in Bangalore. Moneyview operates in digital lending and financial services. Moneyview provides products like personal loans, a personal finance manager, credit score tracking, and digital gold.
History
Moneyview was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal with the aim of simplifying finances and providing financial inclusion to all Indians. The company initially started by providing a financial management app for Android.
In November 2016, Moneyview shifted its primary focus to digital lending. Moneyview is a founding member of the Digital Lending Association of India (DLAI). The DLAI comprises over 80 digital lending players; including Cred, Paytm, Experian, and RBL Bank; and represents around 85% of the transaction volume of the digital credit industry in India.
In September 2023, Moneyview received ISO 27001:2022 certification, an international standard for management and protection of the confidentiality, integrity and availability of information handled by the company.
In October 2024, Moneyview partnered with CaratLane to create a digital platform for gold investment.
As of December 2022, Moneyview had an annualized disbursal run-rate of $1.2 billion, with over $800 million in assets under management.
Business model
Moneyview's digital lending works on a revenue-sharing arrangement with its lending partners, where the company bears the cost of acquiring and servicing customers, and the lender provides the capital.
Moneyview has partnered with 15 financial institutions to offer credit and financial products. These include DMI Finance, Aditya Birla Capital, IDFC First Bank, Whizdm Finance, Clix Capital, Piramal Finance, and others.
References
- Pillai, Shalina (Sep 24, 2015). "Money View: An app to manage your finances". The Times of India. ISSN 0971-8257. Retrieved 21 March 2024.
- ^ "Tiger Global, others invest $75 million in Money View". Economic Times. Mar 9, 2022. Retrieved 5 Aug 2024.
- "Moneyview credit tracker". Retrieved 5 Aug 2024.
- ^ "Bringing Gold to the Masses: Moneyview partners with CaratLane to offer Digital Gold". PRNewswire. Oct 7, 2024. Retrieved 10 October 2024.
- "Spend more this Diwali with access to Instant Cash from these Apps, cash providers". The Financial Express. 2019-10-18. Retrieved 21 March 2024.
- "Who Are We - Digital Lenders' Association of India". Digital Lenders' Association of India.
- "DLAI". Retrieved 5 Aug 2024.
- "moneyview receives ISO certification for Information Security Management System(ISMS)" (Press release). moneyview. PR Newswire. Sep 27, 2023. Retrieved 21 March 2024.
- Upadhyay, Harsh; Manchanda, Kunal (Nov 15, 2022). "Money View turns profitable with 4X growth in scale during FY22". Entrackr. Retrieved 22 March 2024.
- Vishwakarma, Sumit (8 Apr 2024). "Digital lending startup Moneyview's FY23 profit jumps 2616% to Rs 163 crore". Indian Startup News. Retrieved 5 Aug 2024.
- "Moneyview Lending Partners". moneyview. Retrieved 21 March 2024.
- "DMI Finance". Retrieved 5 Aug 2024.
- "Digital Lending Platform Partners". Aditya Birla Capital. Retrieved 5 Aug 2024.
- "Whizdm Innovations Private Limited | IDFC FIRST Bank". IDFC FIRST Bank. Retrieved 21 March 2024.
- "List of active digital lending partners" (PDF). IDFC First Bank. Retrieved 5 Aug 2024.
- "Whizdm Finance". Retrieved 5 Aug 2024.
- "Clix Capital Lending Partner". Moneyview. Retrieved 5 Aug 2024.
- "Our Partners". Clix Capital. Retrieved 5 Aug 2024.
- "Lending Partners". Piramal Finance. Retrieved 5 Aug 2024.
External links
| Financial technology in India | |
|---|---|
| Payment gateways | |
| Mobile wallets | |
| Online investments | |
| Lending | |