Rupeek is an online lending platform that specializes in credit risk, gold loans, and personal loans.
Rupeek aims to bring financial inclusion for the masses and introduce products that are transparent, people friendly and provide value for lenders and borrowers.
Rupeek was founded in 2015 and is headquartered in Bangalore, Karnataka. The company currently operates in 30+ cities, including Bengaluru, Mumbai, New Delhi, Jaipur, Chennai, Ahmedabad, Surat, Mumbai, Coimbatore, and Pune.
Rupeek is pioneering innovative financial products to help monetize India’s $2 trillion gold. Powered by state-of-the-art technology and an automated asset-light supply chain, Rupeek is transforming the way gold loans are disbursed in India.
Rupeek's affordable and easy to use lending solutions have made credit cheaper for borrowers and enhanced customer experience. The company uses 256-bit encryption, industry best practices in security and multiple threat mitigation techniques.
Rupeek claims to have disbursed loans worth over Rs 6,500 crore to date, and that 55% of its customers are first time borrowers.
Rupeek is backed by GGV Capital, Accel Partners, Sequoia India, Lightbox, Bertelsmann India Investments, Binny Bansal, KB Investments, Tanglin Venture Partners, and others. The company raised $34M in Series B round Jan 11, 2022. This brings Rupeek's total funding to $132.8M to date. The latest round valued the company at $634M post-money.