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, credit score tracking,[3] and digital gold.[4]
 | |
| Company type | Private |
|---|---|
| Industry |
|
| Founded | 2014 |
| Founder |
|
| Headquarters | Bangalore, Karnataka, India |
| Website | moneyview |
History
editMoneyview 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.[5] Moneyview is a founding member[6] of the Digital Lending Association of India (DLAI).[7] 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,[8] 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.[4]
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
editMoneyview'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.[9][10]
Moneyview has partnered with 15 financial institutions[11] to offer credit and financial products. These include DMI Finance,[12] Aditya Birla Capital,[13] IDFC First Bank,[14][15] Whizdm Finance,[16] Clix Capital,[17][18] Piramal Finance,[19] 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.
- ^ a b "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.