RupeeLend.com has registered an impressive revenue of Rs.62 lakh after the first year of its working. It has introduced a novel concept of giving away short-term credit loans digitally through a hassle-free process, has been able to make it big on the revenue charts by recording Rs.62-lakh first-year earnings. Such an earning is a rarity to find in start-ups of this level.
Siddharth Ravindaran, CEO of RupeeLend.com, while expressing joy at the occasion, stated, “It was a very novel introduction of short-term credit-dispersing concept but has seen a ready acceptance by the community which was very heartwarming. He further went on to say that the company aims to double its profits in the next financial year.â€
The entire loan process takes only around 10 minutes to get sanctioned thorough a completely online verification and documentation process. The company has been a proud disperser of short-term credit loans worth Rs.3 crore in a short span of one year since August 2015, the time when it was born. The company is currently operating in Delhi-NCR, Bangalore and Mumbai, but is planning its expansion into cities like Pune, Hyderabad, Ahmedabad and Kolkata after it secures its next round of funding.
