CosmicTaco

Moneyview Becomes Unicorn After $4.6 Mn Investment from Accel India and Nexus Ventures

CosmicTaco · 2024-09-14T12:53:46.057415+05:30

- Accel India invested INR 19.5 Cr and Nexus Ventures invested INR 19.1 Cr in Moneyview. - The fintech startup is now valued at $1.2 Bn, making it the sixth unicorn of 2024. - Moneyview also acquired earned wage access platform Jify to diversify its offerings. - The startup's board approved the issuance of 60.23 Lakh equity shares to Accel and Nexus at INR 64.15 each. - Moneyview competes with Flexiloans and Fibe, and previously raised $75 Mn in Series E funding in December 2022. Source: [Inc42](https://inc42.com/buzz/moneyview-turns-unicorn-after-raising-4-6-mn-from-accel-india-nexus-ventures/)

Accel India invested INR 19.5 Cr and Nexus Ventures invested INR 19.1 Cr in Moneyview.
The fintech startup is now valued at $1.2 Bn, making it the sixth unicorn of 2024.
Moneyview also acquired earned wage access platform Jify to diversify its offerings.
The startup's board approved the issuance of 60.23 Lakh equity shares to Accel and Nexus at INR 64.15 each.
Moneyview competes with Flexiloans and Fibe, and previously raised $75 Mn in Series E funding in December 2022.

Source: Inc42