Rubique Technologies, India’s financial matchmaking platform for loans and cards, on Monday charted its ambitious growth plans with an aim to aggressively build presence in India. Rubique, strengthening the business pipeline, aims forloans worth USD 1billion (INR 6800cr) and 1 million customers in the coming year. Also, the company is targeting 200,000 credit card set ups.Clocking a 67% growth from FY 17 – FY 18 and a total revenue of INR 55cr, the company’s gross revenue has gone up from USD 2.6Mn (around INR 17.83cr) in Financial Year 2017 to USD 4.3Mn (around INR 29.7cr) in Financial year 2018.
Rubique has facilitated loan disbursement worth INR 3000Cr and has set up more than 100,000 credit cards, since inception. Rubique has tied-up with over100+ financial institutions (a jump from 68 in FY 17 to 100 in FY18) for over 400+ products.
With growing aspiring population, company is focusing to develop paperless product & taking its online proposition to partners to next level by creating credit decisioning capabilities on its platform. Commenting on the same Manav Jeet, MD & CEO at Rubique, “Our aim is to build state of the art technology capabilities that will address industry pain points pertaining to ‘consumer-right financial product’ match making. In addition, through our flagship technology, our goal is to address NPA preventive measures, develop & strengthen the credit decisioning process by developing technology underwriting capabilities. In addition, we will channelise efforts toward increasing efficiency by creating a cohesive credit decisioning process by developing technology underwriting capabilities and scoring model based on alternate data as well as build early signs on fraud & risk.”
