Consumer lending platform Moneyview has officially joined the unicorn club, reaching a valuation of over $1 billion after securing fresh funding from existing investors, Accel India and Nexus Venture Partners. The Tiger Global-backed company has also acquired Jify, an employee benefits startup, in a deal that involved a share swap, enabling Moneyview to further enhance its financial services by expanding into employee-focused solutions.

Jify, a Mumbai-based startup, partners with corporations to offer employees zero-cost, real-time access to their salaries in advance. Previously, it raised $10 million from Accel and Nexus Venture Partners in June 2023 and is backed by other notable investors, including Amica Financial Technologies and Qed Innovation Labs. The acquisition will allow Moneyview to strengthen its credit, savings, and investment offerings, particularly for underserved workers.

In the funding round, Moneyview’s board approved a special resolution to issue 60,23,382 equity shares at Rs 64.15 per share, raising Rs 38.64 crore (approximately $4.65 million), per filings with the Registrar of Companies (RoC). Post-funding, Moneyview’s valuation now stands at Rs 10,086 crore (around $1.2 billion), up from $900 million in December 2022 when Tiger Global led a $75 million round.

The fintech sector, especially lending startups with NBFC arms, has seen heightened investor interest in recent months. FlexiLoan recently raised Rs 290 crore, while Mintifi and Sarvagram are in talks for fresh funding. The surge comes amid growing tech adoption and regulatory clarity in the fintech-NBFC space.

Founded by Puneet Agarwal and Sanjay Aggarwal a decade ago, Moneyview, through its NBFC unit Whizdm Finance Private Limited (WFPL), offers a range of financial products, including personal loans, home loans, credit cards, and loans against property. The firm has partnerships with lenders like DMI Finance and Oxyzo. In FY23, its operating revenue surged 2.6 times to Rs 577 crore, while profits jumped 27 times to Rs 163 crore. As of April 2024, Moneyview had disbursed over Rs 12,000 crore in loans.

Moneyview is one of six startups — including Krutrim, Perfios, Porter, Rapido, and Ather — that achieved unicorn status in 2024.