In its bid to revolutionize the lending industry, Rupee112 is rolling out instant loan solutions for empowering people facing urgent financial needs with quick access to swift, small-ticket emergency loans. The emerging Fintech company is set to disrupt the unsecured loans market though its innovative financial products which aims at infusing financial resilience in people regardless of their credit score.
Speaking about the growth plans, Vikkas Goyal, Founder, Rupee112, said, “We are extremely excited to witness the response to our financial product offerings. At Rupee112, it is our single-minded endeavour to provide emergency loans to individuals facing urgent financial needs. Today, the Indian market is flooded with several similar lending products. However, Indian market is diverse with a varying customer needs. Hence, our continuous endeavour is to identify the gaps in the market and create suitable, swift, and accessible financing options for those in financial crises. Our mission was born out of a commitment to serving everyone and bring about financial stability in the lives of people from all walks of life. We have been experiencing a healthy growth trajectory, which is reflected in our consistent 20% month-over-month revenue growth. By disbursing over 3 lakh loans, we aim to achieve triple-digit revenue growth in the next three years. We’re also endeavouring to reach out to a larger target audience by executing an inclusive growth strategy.”
Backed by industry leading Fintech technologies and credit assessment systems, ‘Rupee112’ facilitates a 100% paperless, digital lending process, which can credit low-tenure EMI loans within 30 minutes of disbursal time. With flexible repayment options tailored to individual needs, Rupee112 is furthering an inclusive financing solution accessible to individuals extending urgent financial support to individuals irrespective of their credit rating and without the need of any collaterals.
