New Delhi: Rupyy, India’s leading lending fintech platform in the financing industry has clocked an annualized loan disbursal run rate of about USD 2 billion by the end of FY24.
Rupyy’s achievements can be credited to its collaborations with 37 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 75+, a notable feat in the financial services sector. Rupyy has also rolled out innovative technological solutions, such as digiPartner and digiQode. Presently, Rupyy has 14,000 distributors across 1,500 cities, the company said in a media release.
The brand aims to continue its evenue 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 building its presence in the new car financing category, targeting a 20% market share in used car loans.
Namit Jain, founder and CEO of Rupyy, said,. “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 the lpst 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, the release added.
