Rubique scales in Maharashtra; identifies Pune as a key market to begin expansion spree

ANI | Updated: Sep 29, 2017 18:32 IST

New Delhi [India], Sep 29 (ANI): India's leading fintech company Rubique on Friday announced its foray in the geography of Pune, after it said that Maharashtra is a key market with tremendous potential.

The successful expansion of Rubique in Pune can be attributed to the growing number of small-scale entrepreneurs in the city who are always seeking new and convenient ways to access finance.

As part of its operations, Rubique is covering low to high-risk capital requirements through a product catalogue that includes personal loan, home loan, car loan, loan against property, business loan and commercial vehicle loan.

"Maharashtra is the richest state in India with a large number of affluent businessmen and flourishing businesses. However, on the other hand, there is an equal number of aspiring entrepreneurs and individuals who want to make the best of the economic opportunity that the state offers but don't have access to reliable, transparent and time-efficient sources of finance to fulfill their goals," said MD and CEO Rubique, Manav Jeet.

"We plan to disburse a significant portion of our overall loan target from Pune in this fiscal while also foraying into other cities of Maharashtra in a strategic manner," added Jeet.

Adding to this he said that the sizeable SME sector in India continues to be a major contributor to our growth, occupying 60 percent of the loans disbursed by Rubique. With technology at the core of our vision, we are focused on serving more and more SMEs across the nation in the coming months. (ANI)