24 Oct 2024
Moneyview’s FY24 Revenue Jumps 75% To INR 1,012 Cr
Moneyview, a Bengaluru-based fintech startup, reported a significant 75% increase in operating revenue to INR 1,012 Cr for FY24, up from INR 576.75 Cr in the previous fiscal year.
The company's net profit saw a modest rise of 5.2% to INR 171.15 Cr, despite total expenses more than doubling to INR 1,190.94 Cr, driven by higher employee benefits and finance costs.
Achieving unicorn status in September, Moneyview has expanded its digital lending services to 200 Mn users across 200 cities, primarily in Tier II and III cities, and raised over $188 Mn in funding to date.
