Rubique Looks To Team Up With State-Run Banks


17 February, 2016, Kolkata: An online financial marketplace, Rubique who recently ventured into the online market is planning to bring in some of the big players such as State Bank Of India and other large state-run lenders on board.

The company deals in distribution of retail loans, small business loans and credit cards for online customers. It is now aiming on spreading its wings and expanding its product line. In order to achieve its aim, the company is now looking forward to team up with majority of state run banks, which controls two-third of the banking pie, reports ET.

Commenting on the new move of the company, Manavjeet Singh, Founder and Chief Executive, Rubique said, “We aim to be the largest online marketplace for financial products. We are talking to multiple large state-run banks but not in a position to disclose the names as yet.”

So far, the company has managed to pull in some public and private sector lenders such as IDBI Bank and PNB Housing Finance, Axis Bank, HDFC Bank, ICICI Bank. These lenders who recently enrolled themselves with the firm, have already started lending through it. It has joined hands with 52 financial intermediaries and is in advance stage of partnering SBI Cards & Payments Services. Rubique is backed up by venture capital firm Kalaari Capital.

Also Read-

RKSV Gets The Funding From Kalaari Capital