Gold loan focused startup Ruptok Fintech raises Rs. 16 crore in pre-series A round of funding
- ByStartupStory | November 3, 2021
The fintech gold loan company, Ruptok Fintech has raised Rs. 16 crores in pre-series A funding round from various existing as well as new investors. Manuvel Malabar Jewellers and industry veterans and HNIs Nivedan Sahay and Neeraj Aggarwala have shown keen interest in the funding round.
Founded by Ankur Gupta, Ruptok Fintech is a gold loan focused company which aims at providing hassle free loans to its customers at their doorstep. The low operating cost of the company allows them to offer affordable loans at the lowest interest rate while the technology enables the customers to derive the loan at the earliest.
The funds thus acquired will be utilized for business growth and expansion by diversifying its loan book as well as integrating breakthrough technology into its financial products and services.
The founder and CEO of Ruptok Fintech, Ankur Gupta, commented about the latest capital infusion as, “We are delighted to announce the latest capital infusion. The gold loan industry has seen tremendous changes in recent years. As the need for short-term industry and retail loans continues to rise, we aim to strengthen our efforts of providing customers with technologically driven quick loan disbursals. The raised funds will be used to accelerate our endeavour of providing faster, technologically driven gold loans at the doorstep of the customer. We thank our investors for showing unparalleled faith in our vision.”
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