Roopya Raises $611k in Pre-Seed Funding to Boost its Lending-as-a-Service Platform
Roopya, a LaaS (Lending-as-a-Service) infrastructure provider, has raised $611,828 (Rs 5.09 crore) in a pre-seed funding round led by 100X.VC.
As per the startup, the freshly raised funds to develop its technological infrastructure to cover more products and analytics layers. Additionally, part of the freshly raised capital will be used to deploy the capital to invest in building a data infrastructure for lenders and loan service providers (LSPs).
KRS Jamwal of Tata Industries, Vishal Khare of Snyk, and Shavdia Ventures, among others, also participated in the funding round.
Roopya | SaaS-based Lending Infrastructure Platform
Founded by Raman Vig and Sudipta K Ghosh, Roopya is a SaaS-based lending infrastructure platform that powers NBFCs / Banks / Fintechs to start loan origination and underwriting in less than 5 minutes. The startup does that by using big data and machine learning.
Enabling lenders and Loan Service Providers (LSPs) to get access to lending infrastructure and risk analytics on SaaS, the startup also provides an Early Warning Signal, Scorecard, Decision Engine, and Workflow module wherein any B2B customer can signup and process millions of customers instantly.
Speaking about the development, Sudipta K Ghosh, Co-founder of Roopya, said,
“Our platform’s uniqueness lies in its SaaS-based Infra layer, Analytics layer, and Distribution layer, powered by Roopya’s Specified User status. With the funding, we plan to expand and enhance our product offerings to better serve our customers.”
As per Raman Vig, Co-founder and CEO of Roopya, the startup intends to become an end-to-end lending infra and analytics player covering all aspects of lending, including origination, underwriting, early warning, collection, and cross-selling.
Having onboarded over 25 clients, the startup facilitates lenders and LSPs with CRM (Customer Relationship Management), business rules engine (BRE), pre-approval management, and mandate execution on-demand.
Statement from the Investor
Commenting on the development, Ninad Karpe, Partner at 100X.VC, said,
“Roopya is serving both lenders and LSPs seamlessly. The platform is poised to catalyze large-scale financial inclusion in India, and we are delighted to support their growth journey.”
Claiming to have processed more than Rs 100cr through its platform in FY22, the LaaS infrastructure provider aims to help millions of underserved retail customers get access to hundreds of lenders under its SaaS platform.
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