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Fintech startup Cash View raises $75 million in collection D funding

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Bengaluru headquartered fintech platform Cash View has raised $75 million of their collection D funding from Tiger International, Winter Capital, Evolvence India, Accel together with different traders together with South Park Commons, Trusted Perception and Dream Incubator.

The corporate is now valued at $625 million.

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Co-founded by Puneet Agarwal and Sanjay Aggarwal, Cash View is a number one on-line credit score platform that gives a full suite of customized credit score merchandise like on the spot private loans, playing cards, BNPL and private monetary administration options. The corporate has partnered with over 15 monetary establishments to supply credit score/monetary merchandise on its platform.

With 1M+ month-to-month App downloads, the corporate is catering to 200+million underserved prospects who are sometimes ignored by banks and different monetary establishments for his or her monetary wants. Cash View’s sturdy digital know-how & frictionless consumer expertise permits pan India attain with 75% of the customers coming from Tier 2/3 cities. The corporate’s proprietary knowledge fashions present a 360-degree threat evaluation, enabling credit score for the underserved segments.

Cash View has grown 4x year-over-year with robust unit economics and monitor document of profitability. The corporate is disbursing loans at an annualized run fee of $700 million and is on a trajectory to succeed in $1 billion AUM over the subsequent 12 months.

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The contemporary funding will likely be used as development capital to scale the core credit score enterprise, develop the staff, and broaden its product portfolio with providers like digital financial institution accounts, insurance coverage, and wealth administration options

The Raine Group was the unique monetary advisor to Cash View for this spherical.

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