Rupyy..
Rupyy, India's leading lending fintech achieves $2 Billion ARR milestone, fueling ambitious growth plans.
-- Plans expanding its footprint to over 2,000 cities across the country
-- Strengthen used car financing by targeting a 20% market share in used car loans, and aggressively build presence in the new car financing category
New Delhi, 11th April 2024: Rupyy, India’s leading lending fintech platform in the financing industry has achieved a remarkable milestone by clocking an annualized loan disbursal run rate of approx. $2 billion in the closing of FY 23-24.
Rupyy's achievements can be credited to its strategic collaborations with 37 distinguished banks and Non-Banking Financial Companies (NBFCs). These efforts have significantly contributed to the company's growth and have consistently maintained distributor Net Promoter Scores at an impressive 75+, a notable feat in the financial services sector. Rupyy has also rolled out innovative technological solutions, such as digiPartner and digiQode. Presently, Rupyy boasts a widespread distribution network that includes 14,000 distributors across 1,500 cities.
The brand aims to continue its growth momentum in the financial year, aiming for significant revenue growth while expanding its footprint to over 2,000 cities across the country. It intends to solidify its leadership position in the used car financing market share and is aggressively building its presence in the new car financing category, targeting a 20% market share in used car loans.
"We are thrilled to have reached this monumental milestone," said Namit Jain, Founder & CEO of Rupyy. "This achievement is a testament to the hard work and unwavering dedication of our exceptional team members. Their relentless pursuit of excellence has propelled us to new heights, and I am confident that together, we are unstoppable. In the future, our focus will continue to be on fortifying our presence across the length and breadth of India. On the back of many emerging technologies, we will continue to stay at the forefront of innovation ultimately creating value for our customers, partners, and stakeholders.”
In last few years, Rupyy has contributed towards a complete transformation of used car loan experience in India, introducing end-to-end digital loan processing and reducing processing times from days to same-day login and payment. Going ahead, the company intends to build co-lending partnerships with financing partners to bring forth more innovative customer experiences, particularly targeting segments that have been underserved by digital India.
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