Moneyview has made a further investment of Rs 250 crore by way of subscription to the equity share capital of Whizdm Finance (WFPL), a wholly owned subsidiary of the Company. The said investment is intended to augment WFPL’s capital base and enable it to expand its lending operations. There is no change in the percentage of shareholding of the company in WFPL. WFPL continued to remain a WOS of the company.
Moneyview, along with its subsidiaries, is engaged in the business of providing financial services, which primarily include the facilitation of consumer lending through the platform partners, including its wholly owned subsidiary, and providing on-demand salary/earned wage access to corporate employees.
