On Stompstart by 20 August 2019 · New Delhi · India
Rupaiya Exchange.
A New Delhi peer-to-peer lending marketplace that scored borrowers on social, behavioural and financial data instead of credit checks alone.
Finance
Timeline
- Funding
Inc42 reported Rupaiya Exchange, launched in 2015 by Rohan Hazrati, raised $200,000 from HNIs and a group of professionals; the company said it had facilitated loan originations of about $10 million.
Funding · Announced - Listing page saved
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- Listed on Stompstart
“Borrow or lend money online!”
As listed on Stompstart
“Borrow or lend money online!”
The aim of the application is to use technology in solving the problem of lack of access to credit by individuals. The traditional credit scoring mechanism prohibits many credit seekers to obtain funds or obtain funds at a high cost. Through use of technology we would like to enhance financial inclusion and also bring down the cost of borrowing. We use multiple data extraction and analysis techniques and have defined our proprietary scoring mechanism to score the individuals - rather than just relying on the traditional credit checks. These include Application, Behavioral, Financial and Social data checks.
- Topics
- Finance
- Location
- New Delhi · India
In our words: The listing described Rupaiya Exchange as an online platform to borrow or lend money, aimed at people shut out by traditional credit scoring. It said its own scoring drew on application, behavioural, financial and social data checks to widen access to credit and lower its cost.
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Publication record
- Release
sha256:ac5dd8d905c00eace5353304a9456358eede4224f3a935465432ab184b4d049a- Revision
sha256:db46b7b80bf986eb46ec40506818450f3b1ec375725b3e3f6cef41fc51615288
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