Friday, March 17, 2017

Fintech collaboration - CASHe Announces Strategic Tie-up with Rubique

Mumbai, March 17, 2017: Aeries Financial Technologies Pvt. Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced that CASHe, India’s fastest loan giving app for young salaried professionals, has entered a strategic partnership with Rubique, India’s leading online marketplace for financial products. In this collaboration, Rubique will enlist CASHe on its online platform for borrowers to avail viable short-term loan products from CASHe. CASHe disburses multiple loan products ranging from Rs 5,000 to Rs 1,00,000 payable over 15, 30 & 90 days. CASHe now disburses loans well over 1 Crore per day in less than a year of operations. With an average loan processing crossing 500 loan applications per day, CASHe is now India’s leading and most preferred fintech company in the personal lending space.

“We are thrilled to partner with Rubique, India’s leading fintech company in marketplace lending”, commented Mr. V. Raman Kumar, Chairman, Aeries Financial Technologies. “Rubique’s online platform with its unique matchmaking algorithm is an industry first, and with CASHe now being enlisted on its platform, the prospective borrowers will now have access to CASHe’s short-term loan products available through its app. The application will be directly integrated to Rubique’s platform for the users to download and avail a loan within minutes on their smartphone”. He added, “Rubique’s large customer base will now have access to quick and easy credit without any collateral, physical documentation or verification. This indeed will be an exciting proposition for young salaried professionals. With our strategic partnership with Rubique, we hope to increase our customer base exponentially”.

“Partnering with a fintech product like CASHe complements our business model and vision to provide easy & quick access finance to the borrowers through advanced technology”, said Mr. Manavjeet Singh, Founder & CEO of Rubique.  “We believe that for every borrower there is lender in the market. But there is no common place where both can discover each other. By creating this common platform for discovery through advanced technology, it’s our endeavour to reduce the processing time significantly. We would like to integrate with lenders with various risk appetite to ensure each of our customer find the right fit of products on our platform. Products offered by CASHe’s unique mobile-enabled short-term loan offering is an apt solution towards growing consumer segment which demands quick loan disbursals. In terms of growth rate, both of us have witnessed impressive growth & there is absolute alignment on technology focus in the process implemented. With CASHe’s integration, we are now able to offer a wider range of personal loan products to our customers which can disbursed quickly. We are very excited to work with CASHe as we see a huge demand for a loan product offering like this which is hassle-free and convenient”. he concluded.

CASHe provides hassle-free loans with its app enabled documentation and loan disbursal/repayment process. Powered by its industry-first algorithm driven credit scoring platform, The Social Loan Quotient (SLQ), CASHe quickly determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. SLQ is transforming the traditional credit rating measurements thereby providing immediate loans to the under-served young professionals who are kept out by traditional credit rating and banking systems. CASHe is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is about 8 minutes, subject to proper submission of all documents

About CASHe

CASHe, a fin-tech product of TSLC PTE. LTD., promoted by Aeries Financial Technologies is as unique as the young professionals it serves.
In a smart digital world, CASHe offers millennials quick and easy personal loans through processes that are transparent, innovative and tuned to the times. CASHe utilises sophisticated algorithms and machine learning capabilities to deliver an amazing and improved lending experience to our customers, thereby helping young professionals achieve their financial goals effortlessly. CASHe offers instant transfer of funds for approved applicants.

An initiative established by a visionary founder whose last venture was valued at over a billion dollars, CASHe is brought to you by a team known as much for its expertise and experience in technology, banking, AI and big data analytics as it is for its past entrepreneurial success. CASHe is currently available on Android and iOS platforms. Click here to know more on CASHe. Download app from Google Play and iOS app store

About Rubique

Fintech Company Rubique is the leading marketplace lending platform in India. The platform empowers individuals & SMEs with an easy & smoother access to finance through wide range of loan & credit card products. Built on proprietary matchmaking algorithm, Rubique’s marketplace platform has been integrated with financial institutions’ systems for real time processing & to provide online approval to the customer. The advance technology solution not only reduces the processing time significantly but the data analytics done on hundreds of data points helps to bring predictability & assess creditworthiness offering best deal to their customer. Rubique has successfully facilitated the disbursement of Rs. 1,000 + crores of loans & 28,000 credit card setups since inception by processing around 1,00,000 applications.
Post its series A funding, Rubique has been witnessing a constant growth in its business & revenue, and it has already matched its revenue with its series A funding. To know more of Rubique, visit https://www.rubique.com

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