HT Bureau
GUWAHATI, April 27: CarDekho introduced Rupyy, a specialised FinTech platform, which offers a whole new world of financing options to automobile customers and retailers. Rupyy will enable customers to apply and get instant approval for all their auto financing requirements. Notably, Rupyy is an end-to-end digital platform that has been designed to make the entire loan journey super easy and convenient while ensuring a quick turnaround time of just a few minutes. The experience incorporates a digital QR-code-based onboarding journey at car dealers, and finance distributors.
Namit Jain, co-founder, and CEO of Rupyy, said, “Rupyy is the future of consumer financing that brings a ‘consumer first’ approach to lending through technology. Auto finance has traditionally been one of the most slow-moving categories when it comes to customer experience. On average, the turnaround time to get a loan is upwards of 4-5 days due to several long & physical processes. These processes not only inconvenience customers but also impact the working capital cycle of auto retailers. Rupyy consolidates our learnings from the past to provide a modern end-to-end digital experience from lead generation to loan disbursal to the title transfer. In the future, we intend to add more categories as well as co-create financial products that offer a new-age way of owning an automobile in India. We aspire to represent 35-40% market share in the segment over the next 3-5 years.”
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Amit Jain, co-founder & CEO of GirnarSoft, said, “At Girnar, we have taken pride in incubating market leaders across various consumer categories. I am thrilled about the launch of Rupyy. It will help take us a giant leap in our aspirations to become India’s preferred and largest go-to place for all financing requirements of automobile consumers and retailers.”
