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RupeeRedee is a digital platform that helps customers borrow money for their needs at the click of a button.
Basic Information
RupeeRedee is a new-age digital lending platform that leverages state-of-the-art technology and data sciences to make lending safe, quick and hassle-free for India’s massive population of underserved customers. RupeeRedee operates with its captive FincFriends in the background to facilitate instant personal loans. RupeeRedee started its operations in 2018 with an aim to position itself as a ‘Lender for All’ by offering lending products to various customer segments commensurate to risk profile. RupeeRedee also has a captive NBFC, FincFriends Private Limited which is one of the first 100% digital NBFCs registered with RBI. RupeeRedee operates only with FincFriends in the background to facilitate short-term personal loans coupled with PhyGital, POS and LaaS. They have deployed various forms of underwriting including alternate data sources and is not restricted to credit score-based underwriting only.
Legal Name
:
MoneyMitra IT Solutions Private Limited
Headquarters
:
Gurugram, Haryana, India
Business Model
:
B2C  
Founding Date
:
2018
No. of Employees
:
41 to 60
Core Team
:
1.  
Artem Andreev
Country head
2.  
Amit Vegad
Head: Legal & Compliance
3.  
Arjun Passi
VP-Business & Strategy
4.  
Ajay Kumar Chaurasia
Head: Product & Marketing

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Funding

Total Funding

$12.7M

Investors
:
1.  
Digital Finance International
2.  
Google
3.  
Eclear Leasing & Finance
Detail Round Breakdown
Round 1

$1.1M

Series Name
:
SERIES-B
Date
:
1st Mar 2022
Investors
:
1.  
Digital Finance International