In a seed funding round led by Inflection Point Ventures (IPV), the SaaS-based lending infrastructure platform Roopya has raised Rs 4 crore. The money will be used by the business to increase embedded finance capabilities and scale its lending infrastructure.
Roopya, a SaaS-based lending infrastructure platform for NBFCs and fintech lenders, was founded by Sudipta Kumar Ghosh and Raman Vig. Financial organizations can introduce loan products in as little as four to six days due to its AI-powered, no-code Lending-as-a-Service (LaaS) stack.
In accordance with RBI regulations, the platform has a fully automated Loan Origination System (LOS) that handles e-KYC, underwriting, disbursement, and collections.
The startup processes more than 30,000 loans a month with more than 20 lenders. It says it has processed more than Rs 100 crore in loans in the current fiscal year. It supports more than 1,100 point-of-sale terminals and operates in 10 states.
According to the brand, it has lowered operating expenses by as much as 30% and shortened loan processing times for customers by more than 50%.
Roopya reports a 12% annual growth and currently facilitates about Rs 200 crore in loan processing annually.
