Among the few success stories driving India?s rapidly growing digital financial services sector is Rubique, the leading fintech company has disbursed loans worth Rs.
Among the few success stories driving India?s rapidly growing digital financial services sector is Rubique, the leading fintech company has disbursed loans worth Rs. 488 crore in last four months, marking a 48.8 percent growth resulting in a substantial rise in revenue as well.
With more and more credit policies getting digitized and algorithms getting integrated with platform, Rubique is experiencing a higher approval ratio and the cumulative approval ratio for retail and SMB products is over 60 percent.
These advanced technology products have enabled the platform to disburse around USD 270 million crore worth of loans, 43000+ credit cards and realized USD 3.8 million revenue till date. Rubique platform has 130+ credit policy algorithms out of 215 products available across.
?The sizeable SME sector in India continues to be a major contributor to our growth, occupying 60 percent of the loans disbursed by Rubique," said MD and chief executive officer Rubique, Manav Jeet.
?Our aim for the immediate future is to disburse Rs. 2000 crores of loans by 2018 which does not seem to be so distant milestone now,? added Jeet.
Some of the recently launched products bringing tech-driven paradigm shifts in traditional practices include
Rubique?s unique Online PLUS model enables users to get their loan applications processed faster through PAN verification, Aadhaar based ekyc, Credit bureau integration, banking analysis, enhanced logic in proprietary matchmaking algorithm and addition of new data science methodologies.
They can also receive online in-principle approval on various products along with real time status tracking. The fulfilment is handled by Rubique?s tech-enabled business associates.
Rubot, a AI and decision engine is aimed at easing transaction experience by making use of interactive messaging interface, customized chats basis past interactions in the form of a live chat.
Rubique?s lending gateway provides unified financial interface which allows our partners to complete their application and check exact offers presented through our match making logic.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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