Tuesday, May 28 2024 | Time 19:36 Hrs(IST)
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Business Economy


Rupyy achieves $2 bn ARR milestone in FY 23-24

Hyderabad, Apr 11 (UNI) Rupyy, India’s leading lending fintech platform in the financing industry, on Thursday said it has achieved a remarkable milestone by clocking an annualized loan disbursal run rate of around $2 billion in FY 23-24.
The achievement can be credited to its strategic collaborations with 37 distinguished banks and Non-Banking Financial Companies (NBFCs), the Fintech company said in a release.
These efforts have significantly contributed to the company's growth.
Rupyy has also rolled out innovative technological solutions, such as digiPartner and digiQode.
Presently, Rupyy boasts a widespread distribution network that includes 14,000 distributors across 1,500 cities.
Aiming for significant revenue growth, the company plans expanding its footprint to over 2,000 cities across the country.
It intends to solidify its leadership position in the used car financing market share, targeting a 20 per cent market share in used car loans, the release said..
Rupyy CEO and Founder Namit Jain, said "This achievement is a testament to the hard work and unwavering dedication of our exceptional team members. I am confident that together, we are unstoppable. In the future, our focus will continue to be on fortifying our presence across the length and breadth of India. On the back of many emerging technologies, we will continue to stay at the forefront of innovation ultimately creating value for our customers, partners, and stakeholders.”
Going ahead, the company intends to build co-lending partnerships with financing partners to bring forth more innovative customer experiences, particularly targeting segments that have been underserved by digital India.
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