24th May 2023: RupeeRedee – a leading digital lending platform focused on instant personal loans for underserved customers has achieved another milestone by crossing the loan booking amount of Rs. 500 Cr in FY23.
RupeeRedee, a trusted fintech platform leverages technology data science to facilitate short-term personal loans coupled with digital lending services. By providing digital lending solutions to the underserved segment, the platform has solved creditworthiness issues of the rural population PAN India. In the last 12 months, it has served more than 12000 pin codes across the country.
Delighted with the milestone, Roman Aznabaev, Country Manager India of RupeeRedee said, “The personal lending eco-system in India is at its inflection point. Owing to the ever-expanding digital landscape, RupeeRedee has addressed the strong market demand and has grown as a robust digital channel for personal loan processing. We are delighted with the milestone and look forward to scaling up our strategy to cross Rs. 1000 Cr. mark.”
As part of the big achievement, RupeeRedee has disbursed loans of an average ticket size of Rs. 8000. In FY24, the platform aims to disburse Rs. 1000 Cr. loans with projected app downloads to reach 10Mn from 5Mn this year.
Incepted in 2018, RupeeRedee offers instant short-term personal digital loans to customers. The company envisions being a “Lender for All” by harnessing cutting-edge technologies and data sciences to make lending safe, quick, and frictionless for India’s large populace of underserved and un-bankable customers.
The digital lending platform has been actively lending instant personal loans to borrowers across the country. Banking upon a strong digital channel, RupeeRedee is continuing to deepen its market outreach and expand its services in the underserved segment.