Rupyy Achieves USD 2 Billion ARR Milestone in FY 23-24

The fintech platform plans to expand its footprint to over 2,000 cities and strengthen used car financing by targeting a 20 percent market share in used car loans.

April 11, 2024. By Anurima Mondal

Fintech platform Rupyy has achieved a remarkable milestone by clocking an annualized loan disbursal run rate of approximately USD 2 billion in the closing of FY 23-24.

Rupyy's achievements can be credited to its strategic collaborations with 37 distinguished banks and Non-Banking Financial Companies (NBFCs). These efforts have significantly contributed to the company's growth and have consistently maintained distributor Net Promoter Scores at an impressive 75+, a notable feat in the financial services sector. Rupyy has also rolled out innovative technological solutions, such as digiPartner and digiQode.

The brand aims to continue its growth momentum in the financial year, aiming for significant revenue growth while expanding its footprint to over 2,000 cities across the country. It intends to solidify its leadership position in the used car financing market share and is aggressively building its presence in the new car financing category, targeting a 20 percent market share in used car loans.

"We are thrilled to have reached this monumental milestone," said Namit Jain, Founder & CEO of Rupyy. "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.”

The company intends to build co-lending partnerships with financing partners to bring forth more innovative customer experiences, particularly targeting segments that have been underserved by digital India.

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