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The debt facility is intended to strengthen the company's balance sheet and provide additional financial flexibility.
The Mumbai-based NBFC will use the fresh capital to support onward lending and finance residential and commercial & industrial (C&I) rooftop solar installations.
The fresh capital will be used to strengthen the platform's lending capabilities and support its growth,
Moneyview is likely to raise more debt in multiple tranches of up to Rs 750 crore.
Of the total funding, Gaurav Kumar, founder and CEO, Yubi, invested Rs 75 crore in his personal capacity.
Earlier in February this year, CreditAccess had raised $50 million from International Finance Corp (IFC).
The company will use the fresh capital to scale up its trade finance platform and its volume.
NDX Finserve, Arpee Group, Ambit Finvest and Grey Grass India participated in the funding round.
