RupeeRedee disbursed INR 500cr loans in FY23

By Leandra Monteiro

RupeeRedee, a digital lending platform focused on instant personal loans for underserved customers has achieved another milestone by crossing the loan booking amount of INR 500 Cr in FY23.

RupeeRedee, a 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.

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 INR 1000 Cr. mark.”

As part of the achievement, RupeeRedee has disbursed loans of an average ticket size of INR 8000. In FY24, the platform aims to disburse INR 1000cr loans with projected app downloads to reach 10 million from 5 million this year.

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.