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Delhi-based RupeeCircle is a peer-to-peer lending company that connects creditworthy borrowers with investors looking for attractive returns on their investments and aspires to provide last mile credit access to the neediest sections of society.
Basic Information
RupeeCircle is a Peer-to-Peer (P2P) lending company that connects creditworthy borrowers with investors looking for attractive returns on their investments. The company aspires to provide last mile credit access to the neediest sections of the society while providing a new investment asset class for lenders to diversify their portfolio beyond conventional stocks and bonds. Backed by INR 55 million seed fund from Mahindra Finance, Oracle’s Cloud Accelerator Program & other marquee investors, the Delhi based company aims to drive financial inclusion to millions of unbanked and under-banked creditworthy individuals in India. Rupee Circle provides access to quality credit for everyone at attractive interest rates through a simple, tech-enabled experience and exceptional customer service. On the other hand, it offers favourable risk-adjusted returns for the investors through excellent credit risk management and rigorous data science.
Legal Name
:
RupeeCircle
Headquarters
:
New Delhi, Delhi, India
Business Model
:
B2C,  B2B2C  
Founding Date
:
Aug 2016
No. of Employees
:
11 to 20
Core Team
:
1.  
Yogendra Sharma
Chief Business Officer
Timeline

2016

Company Incorporation

Aug | Company Incorporation

Certificate of incorporation

2018

Raised Funding

Jan | Raised Funding

Raised INR 4 Cr seed fund

2022

Raised Funding

Jan | Raised Funding

Raised INR 1000 Cr seed fund

Revenue Stream
Target Market
B2C
P2P Investments have become the new world order; and a myriad of P2P investing platforms have come into existence the world over making international peer to peer lending a great possibility in today’s time. RupeeCircle happens to be one of best P2P lending sites for investors and borrowers alike, who can enjoy many advantages by associating with us.
User Age
:
26 to 34,  35 to 45,  46 to 60  
User Income
:
Lower-middle Income,  Upper-middle Income  
Location
:
India  
B2B
P2P Investments have become the new world order; and a myriad of P2P investing platforms have come into existence the world over making international peer to peer lending a great possibility in today’s time. RupeeCircle happens to be one of best P2P lending sites for investors and borrowers alike, who can enjoy many advantages by associating with us.
Client Segment
:
Retail,  E-Commerce  
Target Companies
:
Small Enterprise,  Medium Enterprise  
Target Geography
:
India  
Funding

Total Funding

$750.0k

Investors
:
1.  
Mahindra Finance
2.  
Oracle Accelerator Program
3.  
Bharat Inclusion Seed Fund
Detail Round Breakdown
Round 1

$588k

Series Name
:
SEED
Date
:
8th Jan 2018