Moneyview’s FY24 Revenue Jumps 75% To INR 1,012 Cr

Moneyview, a Bengaluru-based fintech startup, reported a 75% increase in operating revenue to INR 1,012 crore for FY24, up from INR 576.75 crore in the previous fiscal year. The company’s net profit saw a modest rise of 5.2% to INR 171.15 crore, despite total expenses more than doubling to INR 1,190.94 crore, driven by higher employee benefits and finance costs. Achieving unicorn status in September, Moneyview has expanded its digital lending services to 200 million users across 200 cities, primarily in Tier II and III cities. The company has raised over $188 million in funding to date. This significant revenue growth underscores Moneyview’s successful expansion and increased market penetration, particularly in underserved regions. The company’s strategic focus on digital lending and financial inclusion has been instrumental in driving its impressive financial performance.