Rupyy hits USD 2 billion ARR milestone

The company has built a robust distribution network spanning 14,000 distributors across 1,500 cities.

Autocar Pro News Desk By Autocar Pro News Desk calendar 13 Apr 2024 Views icon3288 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Rupyy hits USD 2 billion ARR milestone

Rupyy, a lending fintech platform, has achieved a significant milestone by reaching an annualised loan disbursal run rate of approximately USD 2 billion in the closing of FY 23-24.

Rupyy attributes its success to strategic partnerships with 37 renowned banks and Non-Banking Financial Companies (NBFCs), which have played a pivotal role in driving growth. The company has also maintained distributor Net Promoter Scores above 75, showcasing its commitment to customer satisfaction in the financial services sector. Leveraging innovative technological solutions like digiPartner and digiQode, Rupyy has built a robust distribution network spanning 14,000 distributors across 1,500 cities, the company shared. 

With an eye on the future, Rupyy aims to sustain its growth momentum by expanding its footprint to over 2,000 cities nationwide. It aims to solidify its leadership position in the used car financing market while aggressively penetrating the new car financing segment, targeting a 20% market share in used car loans.

Founder & CEO of Rupyy, Namit Jain, "This achievement is a testament to the hard work and unwavering dedication of our exceptional team members. Their relentless pursuit of excellence has propelled us to new heights, and 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.”

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