Rupyy achieves $2 billion loan disbursal run rate in FY24

Rupyy achieves $2 billion loan disbursal run rate in FY24

Fintech firm

Rupyy, one of India’s leading lending fintech platforms, has achieved a milestone by clocking an annualised loan disbursal run rate of approximately $2 billion in the closing of FY 23-24.

According to the platform, its “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, it boasts a 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.

“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 the last few years, Rupyy has introduced end-to-end digital loan processing and looked to reduce 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.