The corporate is now valued at USD 625 million. Cash View is an internet credit score platform that provides personalised credit score merchandise like instantaneous 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.
Reporting over 1 million month-to-month app downloads, the corporate states that it’s 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 digital know-how and reportedly improved consumer expertise permits pan-India attain with 75% of the customers coming from Tier 2/3 cities. The corporate’s proprietary information fashions present a 360-degree threat evaluation, enabling credit score for the underserved segments.
Cash View states that it has grown 4x year-over-year by disbursing loans at an annualised run price of USD 700 million and is on a trajectory to achieve USD 1 billion AUM over the following 12 months.
The recent funding will probably be used as development capital to scale the core credit score enterprise, develop the staff, and increase its product portfolio with companies 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.