RupeeLend.com registers annual revenue of Rs.62 Lakh in its first year
RupeeLend.com has registered an impressive revenue of Rs.62 lakh after the first year of its working. It has introduced a novel concept of giving away short-term credit loans digitally through a hassle-free process, has been able to make it big on the revenue charts by recording Rs.62-lakh first-year earnings. Such an earning is a rarity to find in start-ups of this level.
Siddharth Ravindaran, CEO of RupeeLend.com, while expressing joy at the occasion, stated, “It was a very novel introduction of short-term credit-dispersing concept but has seen a ready acceptance by the community which was very heartwarming. He further went on to say that the company aims to double its profits in the next financial year.”
The entire loan process takes only around 10 minutes to get sanctioned thorough a completely online verification and documentation process. The company has been a proud disperser of short-term credit loans worth Rs.3 crore in a short span of one year since August 2015, the time when it was born. The company is currently operating in Delhi-NCR, Bangalore and Mumbai, but is planning its expansion into cities like Pune, Hyderabad, Ahmedabad and Kolkata after it secures its next round of funding.
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