A new restaurant at the corner of the lane, online offers, sale season, and food applications making life easy by delivering at your footstep; all these are so tempting. With over a hundred reasons to spend, one might get concerned about the monthly expenditure. It is definitely cumbersome to keep an account of our expenses in this life of hustle and bustle, but an application like Money View, which helps in monitoring day-to-day finances, is the answer to all our money-related issues.
Money View was launched in 2014 by two IIT friends, Sanjay Aggarwal and Puneet Agarwal. Money View caters the user with personal finance management, to keep a check on everyday finances. Be it; electricity bills, travel expenditure, it has a record of cash expenses and regularly reminds the users of payments that are due. Not only this, but Money View also provides loans. What more do we need from an application!
Money View - Company Highlights
| Startup Name | Money View |
|---|---|
| Headquarter | Bengaluru, India |
| Sector | FinTech |
| Founders | Puneet Agarwal, Sanjay Aggarwal |
| Founded | 2014 |
| Parent Organization | Money View |
| Website | moneyview.in |
| Contact | feedback@moneyview.in |
About Money View and How it Works
Founders of Money View and team
How was Money View Started?
Money View - Startup Launch
Money View - Funding and Investors
Money View - Recognition and Achievements
Money View - Competitors
Money View - FAQs
About Money View and How it Works
Money View, a fintech start-up, is a loan financer, which also helps in planning overall finances. It can provide loans ranging from INR.10,000 to INR. 5,00,000 within a day or lesser. The application pulls data about banking, bills, and expenses from the client’s SMS box. It provides the user with a view of their bank balance, income spends, and income dues. The application is designed for all smartphones and is also a lightweight application, which can run and be updated even without internet connectivity.
Since 2016, Money View comes in 6 local languages, namely; Hindi, Gujarati, Bengali, Tamil, Telugu, and Kannada. The main reason to have local languages is to be able to fully solve the users’ problems. Currently serving more than 10 million users, Money View assures to have a security system like the best banks in the country. The company uses personal client information only for providing a better experience. The information is encrypted which helps in avoiding any data loss or misuse.
Founders of Money View and team
Money View was founded in 2014 by two IIT friends, Sanjay Aggarwal and Puneet Agarwal.
Sanjay Aggarwal, the co-founder of Money View, is an IITian who completed B-tech, engineering in 1993, from the Indian Institute of Technology, Delhi. Later, he continued working as an engineer at Ciena Corporation, Yahoo, among others. After this, Sanjay founded minglebox.com, an education portal providing content on colleges, courses, exams, and admissions, in the year 2006.
Puneet Agarwal, the co-founder of Money View, is also an IITian from the Indian Institute of Technology, Delhi. He went on to pursue an MBA from Purdue University - Krannert School of Management. Puneet started his career working as a consultant for McKinsey for about three years. He then worked with Capital One, Bling Nation, and as a Product Management Director for Google. Puneet has been an entrepreneur for about 7 years now and also advises and invests in start-ups.
Money View has a team of above 50 employees who help in securing the data of the clients. It’s headquartered in Bengaluru, Karnataka. The company’s core value is to bring simple solutions and have control of your money at the same time.
How was Money View Started?
It was a dream of both the co-founders, which started one day while sipping coffee at Starbucks. The dream was to make India financially fit through a mobile app. After Puneet came back to India in the year 2013, he along with Sanjay started Money View in the year 2014. They then realized at an early stage, in the year 2016, that providing the application in local languages will help solve the problems of users better. Their target is to provide young India with an application that helps to keep a check on their expenses.
Money View - Startup Launch
In the beginning, Money View only provided the users with guidance to save, this helped in gaining data. In the year 2016, Money View became a complete fintech product. ‘We believe that access to financial services is a basic right to all individuals’ is the core belief of the start-up founders. Money View is now a paperless application, providing users to set budgets, view their bank account details, and manage bills and record cash expenses.
Money View - Funding and Investors
The funding amount raised by Money View till date is said to be a total of $10.1 million.
| Date | Stage | Amount | Investors |
|---|---|---|---|
| October 2014 | Venture Round | $1.7 million | - |
| April 2015 | Venture Round | $8.5 million | - |
Money View is mainly funded by three investors namely; Tiger Global Management, Accel and Ribbit Capital. This venture also has three banks that are helping them give loans to the clients at a faster rate.
Sarika Anand
Money View - Recognition and Achievements
- Money View has been ranked as the Best App in the year 2015 by Google, India.
- It was also a runner-up in the IBM start-up challenge.
- It was listed in 'Top 100 Startups in India 2018' by SutraHR.
Money View - Competitors
As bigger and more number of applications is building at a high speed, the market is getting tougher. Money View believes to be competing with applications like Faircent, Lendingkart and Capital Float in the online medium.
Money View - FAQs
Who are the founders of Money View company?
The Money View founders are Sanjay Aggarwal and Puneet Agarwal.
Does Money View provide loans?
Yes, in addition to helping you keep track of your daily finances, Money View also provides loans ranging from INR.10,000 to INR. 5,00,000 within a day or lesser.
Who are some competitors of Money View?
Some Money View competitors are Faircent, Lendingkart and Capital Float.
Author: Rishabh Rathi
Source : https://startuptalky.com/moneyview-success-story/
Date : 2021-05-01T16:30:00.000Z