Rubique
Rubique (formerly known as BestDealFinance.com[1]) was incorporated in Oct 2014 with a vision to simplify consumption and distribution of financial products (cards and loans) for consumers and SME segment with access to best deal in quickest possible time. Rubique has developed a unique algorithm that searches 60+ banks and NBFC’s to match customer’s requirement.
| Private | |
| Industry | Financial Technology |
| Founded | October 2014 |
| Founder |
Manavjeet Singh Sandeep Nambiar |
Area served | India |
Key people |
Manavjeet Singh (Marketing) |
| Products |
Credit Cards Personal Loans Home Loans Car Loans Two Wheeler Loans Business Loans SME Loans Loan Against Property Commercial Vehicle Loans, |
Number of employees | 70 |
| Website | www.rubique.com |
Team
Rubique was founded by Manavjeet Singh along with Sandeep Nambiar as co-founder. Manav is a veteran banker with 25+ years of experience in leading banks and financial institutions. Sandeep is a techie with experience in product development and management. The management team comes with varied experience across FMCG, Finance, Banking, Payments, Market Research, and Travel.
Technology
The team has developed some break-through technology like Match-making algorithm and in-principle approval on applications, online CAMS generation are just few features that differentiate Rubique from others.[2] Technology has aided in reducing turn-around time for customers and financial institutions.
Rubique is constantly innovating its technology to simplify the lending process for connectors, DSA’s, Agents, and financial institutes.
Products
Rubique aggregates products across consumer & business segment including Credit cards, Personal Loan, Home Loan, Two Wheeler Loan, Car Loan, Business Loan, Loan Against Property, Commercial Vehicle Loan, and SME loan etc.
65+ financial institutes are available on Rubique platform with a total of 155+ products available for customers to choose from.[3] 90 products cater to the SME[4] s in terms of the collateralised Loan against Property (LAP), working capital, term loans, commercial vehicle & equipment financing.
Direct integrations with financial institutions has additionally enabled them to go beyond mere lead generation and focus on disbursement.
Partners
Rubique has recently partnered with National Small Industries Corporation Limited (NSIC), a Mini Ratna Enterprise of Ministry of Micro, Small and Medium Enterprises, Government of India.
Rubique & NSIC will work together to create an interface which will ease credit facilitation for MSMEs by allowing quicker decision making and evaluation and to widen the product offerings will bring their respective bank/FI tie-ups under one umbrella for MSMEs.[5]
Funding
In October 2015, Rubique raised its Series A funding, led by Kalaari Capital, from YourNest Angel Fund, Globevestor and Dexter Angel Circle.[6]
References
- ↑ "Bestdealfinance.com Undergoes Brand Revamp, Becomes Rubique - TechStory". 2015-12-15. Retrieved 2016-09-07.
- ↑ Abrol, Shikha. "Rubique Aims to Become the Largest Online Marketplace For Financial Products". Retrieved 2016-09-07.
- ↑ "Rubique has increased its lending partners to 60, offering 155 products - The Economic Times". Retrieved 2016-09-07.
- ↑ "Rejection rates are quite high in SME lending space: Manavjeet Singh". www.smetimes.in. Retrieved 2016-09-07.
- ↑ "Rubique ties up with NSIC for easier flow of credit for MSMEs - The Economic Times". Retrieved 2016-09-07.
- ↑ "Online loan facilitator Rubique to raise up to $15 million - The Economic Times". Retrieved 2016-09-07.