Best finance rebranded as Rubique, it offers a wide range of loan products and end- to-end loan fulfillment for individuals and MSMEs. This FinTech Company has introduced a tech-led lending solution which is unique in terms of its matchmaking algorithm and direct integration with Financial Institutions’ lending systems. It has recently added insurance services to their product line and also focus on vehicle loans and construction equipment. Rubique is currently operating in Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Pune and Jaipur.
Built on a proprietary matchmaking algorithm, Rubique's marketplace lending platform offers breakthrough features like - real time processing & online approval by direct integration with financial institutions’ systems reducing the processing time significantly. Data analytics performed on hundreds of data points on Rubique's platform assesses the creditworthiness of customers (loan origination qualification) bringing predictability by giving him eligible offers to choose from. Rubique offers the best of both worlds – marketplace for the customer to get choices(eligible) + an end to end fulfillment support just like any lender.
PRODUCTS & SERVICES:
Lending platform for Credit Card & Retail Loans, SME Finance.
Borrowers - Allows them to borrow from other financial institutions if the customer fails to meet CIBIL score of banks.
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It has partnered with 51+ Banks, financial institutions and other lending firms to offers loan products to their customers. Some of the partners IDBI, PNB, ICICI, HDFC, Axis, Indiabulls Financial Services, Aditya Birla Housing Finance, etc.
The company has a strategic partnership with Optacredit, an AI-based online lending platform to offer loans to salaried customers.
Rubique exhibits the required domain Knowledge and innovative technology which provides a simple solution to the financial needs of all stakeholders.
MEDICI analysts will analyze Rubique soon
Insufficient information for accurate analysis
DATE OF LAST FUNDING:
$3 Millions Closed: Sep 2015
$4 Millions Closed: Apr 2018
$3 Millions Closed: Jun 2017
The company plans to use the funds to hire more data scientists, enhance technology and reach a monthly revenue of $1.8 Mn (INR 12 Cr) by September 2018. (Apr 2018)