Ruptok is a company that specializes in the financial services sector, with a primary focus on gold loans. The company offers services such as lending gold loans at the customers' doorsteps, providing loans at competitive interest rates, and offering a high value per gram for gold. Their services are primarily targeted towards individuals seeking financial solutions through secured loans. It was founded in 2020 and is based in New Delhi, India.
Latest Ruptok News
Dec 22, 2022
Ruptok Fintech Pvt. Ltd, a fintech platform for gold loans, has announced a co-lending partnership with MAG Finserv Co.Ltd (MFCL), a financial services company that deals in Gold loans, Microfinance, and Two-Wheeler Finance. Under the co-lending partnership agreement, Ruptok along with MAG Finserv intends to disburse a total of INR 50 Crore gold loan by the end of FY 22. The partnership allows them to cater to over 30 prominent markets across the country and will help them to capture a bigger market share in the gold loan sector. At present, MAG Finserv has a strong foothold in Tier II and Tier III markets of Maharashtra & Karnataka where it operates out of 22 key markets. As part of this strategic partnership, MAG Finserv book will be leveraged & Ruptok logistics and technology stack to be able to operate jointly in over 30 markets. Talking about the partnership, Ankur Gupta, Founder and CEO, Ruptok Fintech Pvt. Ltd., said, “The gold loan industry has witnessed a drastic uptick in the recent years that translates the increase in demand from consumers. We are pleased to have one of the leaders in the lending industry – MAG Finserv onboard as our partners to a cater a diverse set of clients across regions. It will further allow us to accelerate our business plans and continue with our vision of strengthening our foothold in the industry.” Sharing comments, Anata Mohotkar CMD, MAG Finserv Company Ltd. said, “Ruptok has shown potential & business acumen within a short span. The joint goal of hassle-free gold loan disbursal rightly aligns with our overall focus on excellent quality, affordable cost, timely delivery, and complete customer satisfaction. We look forward to joining hands with one of the fastest growing fintech platforms in the sector. This partnership will allow us to capture the largely unorganized gold loan sector and disburse 100 Crore, making gold loans accessible and paving the way for financial inclusion.” Ruptok Fintech Pvt. Ltd. endeavors to provide instant disbursal of gold loans at the customer’s doorstep. Since its inception in July 2020, the company has witnessed a phenomenal growth trajectory owing to its fast, hassle-free and technologically driven solutions. Recently, the fintech platform raised a total of INR 16 Crore in its series-A funding round. Previously, Ruptok had also raised INR 14 Crore and entered into a strategic co-lending agreement with Eclear Leasing and Finance, a New Delhi based NBFC. In March 2021, Ruptok also acquired GoldUno, a Mumbai-based firm, from Vinrak Technologies Private Limited in an all-stock deal. Share this article:
Ruptok Frequently Asked Questions (FAQ)
When was Ruptok founded?
Ruptok was founded in 2020.
Where is Ruptok's headquarters?
Ruptok's headquarters is located at G-56, opposite Evergreen Sweet House, New Delhi.
What is Ruptok's latest funding round?
Ruptok's latest funding round is Seed.
How much did Ruptok raise?
Ruptok raised a total of $5.39M.
Who are the investors of Ruptok?
Investors of Ruptok include Neeraj Aggarwal, Nivedan Sahay, Manuvel Malabar Jewellers, Eclear Leasing and Finance and Wurk.