WeRize is India’s first socially distributed full stack financial services platform for small town India.
Basic Information
Bengaluru, Karnataka based WeRize has created a new category in Indian financial services space by building, India’s first socially distributed full stack financial services platform for families in small town India. The understand that financial needs of these customers have been largely ignored by traditional players and even Fin-Techs who primarily focus on millennials in urban India. Theirs is a full-stack provider, both manufacturing and distributing a wide portfolio of customized credit, group insurance, and savings products for 100Mn lower-middle-class families and 300Mn individuals spread across the 4000+ towns. This $200 Billion annual market expects a very different product set as well as distribution model which traditional private banks, insurers, and mutual fund companies are unable to provide. The economics of these products as well as operating in small cities for traditional companies is unfeasible due to their high-cost branch-based distribution model. WeRize has enabled thousands of financially literate and digitally savvy freelancers in 1000+ cities to sell its financial products in their social circle. This solves both the trust issue as well as provides high-touch sales and after-sales services these customers need. Their technology platform provided to these partners enables them to source business online and offline, recommend the right product to their customers as well as provide after-sales support.
Legal Name
:
Wortgage Technologies Private Limited
Headquarters
:
Bangalore, Karnataka, India
Founding Date
:
2019
No. of Employees
:
11 to 20
Core Team
:
1.
Vishal Chopra
Co-Founder & CEO
2.
Himanshu Gupta
Co-Founder & COO
Funding
Total Funding
$10.3M
Investors
:
1.
Picus Capital
2.
Kalaari Capital
3.
Orios Venture Partners
4.
3one4 Capital
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