Moneyview, a Bengaluru-based fintech lending platform, acquires Jify to expand its lending operations. The deal, structured as a share swap, grants Jify’s investors—Accel India and Nexus Venture Partners—60.2 lakh shares in Moneyview, valued at around $4 million. The acquisition follows Moneyview’s recent unicorn status milestone.
Moneyview, a consumer lending platform, secures unicorn status following a Rs 38.64 crore ($4.65 million) funding round from existing investors Accel India and Nexus Venture Partners. The capital infusion comes after its acquisition by Jify, though no further details on the deal structure are disclosed. The company now joins the ranks of privately held startups valued at over $1 billion.
Jify, a Mumbai-based fintech startup, helps underrepresented working populations build savings or emergency funds. The platform targets segments often excluded from traditional financial services, offering accessible tools for financial security.
Jify secures $10 million in funding to expand its employee financial benefit platform in India. The startup helps workers manage cash flow and savings while offering employers a tool to reduce attrition. Accel Nexus Venture Partners leads the investment, emphasizing financial inclusivity for the Indian workforce.
