Money View generates most of its revenue from facilitation charges, processing fees, and interest from borrowers.
Money View, a Bengaluru-based lendingtech unicorn, recorded a consolidated net profit of INR 17.72 Cr in FY22 as its revenue growth outpaced the rise in expenses.
The platform’s revenue from operations increased by 4.27 times to INR 253.25 Cr in FY22 from INR 59.24 Cr in FY21. Total revenue, including other income, rose to INR 258.04 Cr from INR 65.76 Cr in FY21. However, the startup’s total expenses more than doubled to INR 240.46 Cr in FY22.
The company paid INR 52 Cr in salaries during the year and spent INR 4.27 Cr on employee stock options. Other expenses, including legal professional charges, advertising expenses, and miscellaneous expenses, among others, accounted for nearly 70% of the total expenses, with advertising promotional expenses surging 3.11 times to INR 40.57 Cr from INR 13.06 Cr in FY21.
In FY22, Money View’s legal and
professional charges increased to INR 28.81 Cr, which included INR 25.59 Cr in the amortisation cost of stock appreciation rights for advisors and consultants. Additionally, the startup spent INR 84.21 Cr on miscellaneous expenses, which made up almost half of its other expenses. Money View’s unit economics revealed that it spent INR 0.95 to earn INR 1 in operating revenue.
Puneet Agarwal and Sanjay Aggarwal founded the lendingtech startup in 2014, which offers customized loans and BNPL products up to INR 5 Lakh to individual customers, along with personal financial management solutions.
Money View, a lendingtech startup based in Bengaluru, claims to have garnered more than 40 million app downloads and facilitated loans worth INR 9,000 crore to individual customers.
The company also boasts of assets under management (AUM) worth over $800 million. After raising $150 million across two funding rounds, Money View’s valuation touched $900 million, narrowly missing out on a unicorn tag.
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