Moneyview
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Company type | Private |
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Industry |
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Founded | 2014 |
Founder |
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Headquarters | Bangalore, Karnataka, India |
Website | moneyview |
Moneyview is an Indian fintech company, operated by Whizdm Innovations Pvt. Ltd., based in Bangalore.[1] Moneyview operates in digital lending and financial services.[2] Moneyview provides products like personal loans, a personal finance manager, and credit score tracking.[3]
History
[edit]Moneyview was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal with the aim of simplifying finances[2] 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.[4] Moneyview is a founding member[5] of the Digital Lending Association of India (DLAI).[6] 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,[7] an international standard for management and protection of the confidentiality, integrity and availability of information handled by the company.
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
[edit]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.[8][9]
Moneyview has partnered with 15 financial institutions[10] to offer credit and financial products. These include DMI Finance,[11] Aditya Birla Capital,[12] IDFC First Bank,[13][14] Whizdm Finance,[15] Clix Capital,[16][17] Piramal Finance,[18] and others.
References
[edit]- ^ Pillai, Shalina (Sep 24, 2015). "Money View: An app to manage your finances". The Times of India. ISSN 0971-8257. Retrieved 21 March 2024.
- ^ a b "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.
- ^ "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.