Mumbai based Fintech Startup Raises Funding
Mumbai based fintech Startup Rubique Technologies raises an undisclosed amount of funding led by Japan's Recruit Group and Russian venture capital management company, Emery Capital.
The funding will enable Rubique to further strengthen its technology and analytics capabilities.
Established in the year 2014, the company has registered 200k customers and facilitated loan disbursement worth approximately Rs. 2,670 crores and over 82,000 credit card setups through its platform.
The company generated revenue of around $7.2 million. Rubique aims to break even in 2019 and achieve Rs. 100 crores revenue by 2021.
"We have managed to successfully stand out in the FinTech space as an innovator par excellence and one of the genuine success stories of the domain through our unique asset-light...