No-Code Lending Platform Roopya Secures INR 4 Crore Funding
West Bengal-based no-code lending-as-a-service platform, Roopya, has successfully secured INR 4 crore in its latest funding round, predominantly led by Inflection Point Companies. This significant investment highlights the growing demand for innovative fintech solutions in India.
Investment to Enhance Lending Infrastructure
According to Roopya, the newly acquired funds will be allocated towards enhancing its no-code and AI-driven lending infrastructure. The aim is to increase the adoption of its lending-as-a-service platform among financial institutions, thus facilitating a smooth digital credit experience.
Streamlined Loan Solutions for Financial Institutions
Founded by Sudipta Kumar Ghosh and Raman Vig, Roopya offers a fully automated loan origination system designed to streamline various loan processes. This comprehensive platform assists in loan onboarding, underwriting, and disbursement, providing robust support for Non-Banking Financial Companies (NBFCs) and microfinance institutions.
Offering a Range of Digital Credit Products
Roopya’s lending platform enables financial institutions to effortlessly deploy a range of digital credit products, including Buy Now, Pay Later and EMI offerings. This capability significantly enhances the client experience by allowing smoother transactions across retail distribution networks.
Impressive Loan Processing Figures
In the current financial year, Roopya has already processed loans exceeding ₹100 crore. The platform is operational across 10 states in India and currently supports over 1,100 point-of-sale terminals, underscoring its commitment to facilitating digital credit access at scale.
Support from Inflection Point Ventures
Commenting on the investment, Ankur Mittal, co-founder of Inflection Point Ventures, expressed confidence in Roopya’s potential. He stated, “Roopya has built a technologically advanced platform that provides institutions limited access to premium lending solutions in a volatile market where seamless access to credit is essential.” This endorsement highlights the platform’s capability to transform the lending landscape in India.
Democratizing Access to Credit
In response to the funding announcement, Sudipta K Ghosh emphasized Roopya’s commitment to democratizing credit access. He noted, “By providing a SaaS-based lending infrastructure, we empower hundreds of lenders—from NBFCs to fintech companies—to effectively serve millions of underserved customers.” This vision aligns with the increasing focus on inclusivity in the financial ecosystem.