Redefining Vehicle Financing
Rupyy, with its unique three-sided model integrating consumers, lenders and car distributors, redefines vehicle financing in India
Rupyy, a prominent player in the fintech sector, has earned the "Fintech Startup of the Year" award. At the helm of this innovative company is Namit Jain, Co-founder and CEO. An MBA graduate from ISB, Namit brings a wealth of experience from his tenure at McKinsey & Company, Fino Payment Bank and his entrepreneurial venture, MentMo. His visionary leadership at Rupyy is revolutionising India's personal mobility sector through groundbreaking fintech innovations.
Rupyy, with its unique three-sided model integrating consumers, lenders and car distributors, has redefined vehicle financing in India. This inclusive approach ensures seamless credit access, even to the smallest distributors in tier three to four towns. Under Jain's leadership, Rupyy has facilitated over USD 1.6 billion in annualised loan disbursals by December 2023, boasting remarkable approval rates of 80 per cent and processing times of two to three days.
A key to Rupyy’s success is its advanced technology platform. Led by CTO Mayank Kapoor, the company has achieved an ARR of Rs 14,000 crore in overall loan disbursements and record-high MRR for both new and used cars. Innovations such as AI/ML-driven functionalities, streamlined RC transfers and a robust digital ecosystem have positioned Rupyy as a leader in the digital lending space.
With a customer-centric approach and a commitment to technological excellence, Rupyy continues to set new benchmarks in the fintech industry, ensuring a bright future for vehicle financing in India.
