Founded Year

2014

Stage

Series D | Alive

Total Raised

$105.8M

Valuation

$0000 

Last Raised

$75M | 5 mos ago

About MoneyView

MoneyView is a personal finance management app. The app reads all the SMS messages and presents its users' real-time visibility of finances allowing its users to track expenses, manage bills, check account balances, and record cash expenses.

MoneyView Headquarter Location

The Address, 3rd Floor, Survey No. 17/1, Outer Ring Road Kadubeesanahalli

Bengaluru, 560087,

India

+91 8045692002

MoneyView's Product Videos

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MoneyView's Products & Differentiation

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  • Money View Loans

    An instant personal loan app that helps provide customised personal loans in just a few minutes. The App uses data & external factors like bureau/liabilities to provide the max loan amount, tenure & ROI- All this with a 100% online, easy application process. The customers can find their eligibility in less than 2 minutes & proceed with the application.

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Research containing MoneyView

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CB Insights Intelligence Analysts have mentioned MoneyView in 1 CB Insights research brief, most recently on Mar 15, 2022.

Expert Collections containing MoneyView

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MoneyView is included in 2 Expert Collections, including Fintech.

F

Fintech

3,510 items

F

Fintech 250

250 items

250 of the top fintech companies transforming financial services

Latest MoneyView News

Brief Guide about KYC and eKYC

Aug 6, 2021

Posted by Moneyview ·3h KYC is an abbreviation for Know Your Customer. KYC regulations have been mandated by financial agencies like banks and NBFC’s (Non-banking Financial Companies) prior to offering any financial services to customers. The KYC tool is used to establish the identity and verify the credentials of customers. Another related concept is eKYC. The latter, called paperless KYC, is the process of electronic verification of credentials of customers. The eKYC is also called Aadhaar based eKYC . The reason is that your identity is subject to electronic verification through Aadhaar based substantiation. This implies that data from your Aadhaar card like name, age, address, gender, e-mail address, and mobile number is accessed by the service provider from the Unique Identification Authority of India (UIDAI) database. Thus, Aadhaar based eKYC offers proof of identity and address to the service provider instantly, eliminating the requirement of the tedious process of in-person verification. The eKYC process Aadhaar based eKYC depends on the information offered by an individual to the UIDAI for gaining the unique, 12-digit Aadhaar number. In case you have gained your Aadhaar number and wish to invest in mutual funds or to open a DMAT account to invest in the stock market, the broking firm or fund house will use the eKYC API (Application Programming Interface) to gain access to your Aadhaar details. Any licensed service provider can verify a customer through eKYC API. Note that only UIDAI licensed users can avail of the feature of KYC verification online. Types of aadhaar eKYC Based on biometrics In this case, you have to offer a 12-digit Aadhaar number along with biometric information like iris or fingerprint scan. For instance, if you wish to invest in a mutual fund, the relevant personnel in the fund house will complete the process of mutual fund eKYC online by making use of your biometrics. A broking firm will open a Demat account for you using a similar authentication process. Based on OTP As for this case, after you offer your Aadhaar number, an OTP will be sent to your registered phone number. You can then enter the OTP in the device of the service provider for completing the transaction. Government regulations For the sake of the privacy needs of Indian citizens through misuse of Aadhaar data, the Supreme Court passed a momentous judgement in September 2018, barring private agencies from using Aadhaar KYC for the objective of verifications. But in October, the UIDAI permitted the use of Aadhaar KYC for purposes of authentication by private agencies like banks for transferring direct benefits. Also, in 2019, the Aadhaar and Other Laws (Amendment) Act paved the way for online KYC verification by private agencies. As per this Act, persons can voluntarily use their Aadhaar number for verifying their identity, either via Aadhaar based online KYC verification or via offline KYC. As per new rules, the UIDAI has to ensure that private entities comply with established privacy, security, and safety standards. Also, the UIDAI may provide a license for KYC verification online only if it is expedient and necessary. Thus, the new laws are stringent about using eKYC verification online for private agencies that have been verified by the UIDAI. This prevents the misuse of private data. What is offline eKYC? QR code scan In this, the service provider is able to scan the QR code imprinted on your Aadhaar card to gain access to demographic data like gender, age, name, address, etc. This code can be scanned easily on a smartphone without needing to access the Aadhaar based database of UIDAI. M-aadhaar APP Paperless offline eKYC In this, the person need not offer a photocopy of the Aadhaar card and instead must download the KYC XML from the portal of UIDAI. The KYC details of any customer are offered in XML and are digitally signed by the UIDAI. This process avoids the need for revealing Aadhaar number and does not mandate the need for biometric verification. Instead, a reference number is shared. How to apply for KYC? The registration for KYC can be done easily through applying at the web portal of any of the SEBI licensed KRA’s (KYC Registration Agencies). KYC can also be gained offline by downloading the KYC form from any of the KRA’s and submitting it with relevant documents to the relevant authorities. In summary, this is a brief guide to KYC and eKYC.

MoneyView Web Traffic

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  • When was MoneyView founded?

    MoneyView was founded in 2014.

  • Where is MoneyView's headquarters?

    MoneyView's headquarters is located at The Address, 3rd Floor, Survey No. 17/1, Outer Ring Road, Bengaluru.

  • What is MoneyView's latest funding round?

    MoneyView's latest funding round is Series D.

  • How much did MoneyView raise?

    MoneyView raised a total of $105.8M.

  • Who are the investors of MoneyView?

    Investors of MoneyView include Accel, Tiger Global Management, Evolvence India, South Park Commons, Dream Incubator and 6 more.

  • Who are MoneyView's competitors?

    Competitors of MoneyView include ZestMoney and 5 more.

  • What products does MoneyView offer?

    MoneyView's products include Money View Loans and 2 more.

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