Roopya Secures INR 4 Crore Funding to Enhance No-Code Lending Services
In a significant advancement for the fintech sector, Roopya, a no-code lending-as-a-service platform based in West Bengal, has successfully raised INR 4 crore in its latest funding round. The investment was led by Inflection Point Ventures, a prominent venture capital firm focused on early-stage investments.
Funding Utilization and Future Goals
Roopya intends to allocate the newfound capital to enhance its no-code and AI-driven lending infrastructure, promoting wider adoption of its platform among various financial institutions. This initiative aims to streamline lending processes and make them more accessible to a broader range of users.
Innovative Solutions for Lenders
The startup, co-founded by Sudipta Kumar Ghosh and Raman Vig, has developed a fully automated loan origination system. This technology streamlines the processes of loan onboarding, underwriting, and disbursement, facilitating a more efficient experience for lenders. With flexibility at its core, Roopya empowers Non-Banking Financial Companies (NBFCs) and microfinance institutions to offer various digital credit products, including Buy Now, Pay Later and EMI options.
Impressive Loan Processing Figures
Roopya has made remarkable strides in the current financial year, processing loans worth over ₹100 crore. Operating in 10 states across India, the platform supports more than 1,100 point-of-sale terminals, significantly enhancing access to digital credit at scale.
Insights from Investors
Highlighting the importance of this funding, Ankur Mittal, co-founder of Inflection Point Ventures, remarked, “Roopya has built a technologically advanced platform that serves institutions with limited access to premium lending solutions. In today’s volatile market, seamless access to credit is crucial, and their integrated approach holds the potential to revolutionize lending across India.”
A Commitment to Democratizing Credit Access
Commenting on the fundraising effort, Sudipta K Ghosh expressed, “Our core belief is to democratize access to credit. By providing a SaaS-based lending infrastructure, we enable hundreds of lenders—from NBFCs to fintechs—to effectively cater to millions of underserved customers.” This commitment underlines Roopya’s mission to redefine the lending landscape in India.
Looking Ahead
As Roopya gears up for significant growth, the potential impact on the credit ecosystem is immense. With plans to scale responsibly and enhance the accessibility of financial products, Roopya aims to contribute positively to the financial well-being of countless individuals and businesses throughout India.
For further updates on Roopya and its innovations in the lending industry, keep following our updates.