Hiration

Rupeek

Fintech
Bengaluru
1000-10000
Fintech
Highlights


$172.8 million
Total Funding
Employee Growth
Time to Revert
Median Time to Shortlist
Median Time to Interview
No. of female employees
Total Funding
$172 M
Latest Funding
$ M
Series E • Jan 2022
Founders

Sumit Maniyar

Founder & CEO

Investors

Accel
Berterlsmann India Investments
Tanglin Venture Partners
Binny Bansal
KB Investment
GGV Capital
VEF
Lightbox

About

Rupeek is India’s fastest growing asset-backed digital lending platform. Rupeek is on a mission to solve credit needs of households and small and medium businesses in India. More than 90% of Indians don’t have access to formal credit. Unsecured credit is expensive and has limited availability. On the contrary, 95% of Indian household net worth is in some form of assets. Rupeek’s technology led platform enables customers to get credit against their assets making credit accessible to the masses in a fair and convenient manner.
Rupeek started its journey with a focus on gold as an asset. Indian households have a unique relationship with gold holding over 25,000 tonnes. Only 5.5% of this gold is used to obtain formal credit due to friction involved in the process of getting credit and fear of losing gold. Rupeek solved this problem over the last 5 years by providing doorstep gold loans and transformed the way gold loans are disbursed in India. More than 1 lac customers who were earlier resistant to getting gold loans now use Rupeek’s digital platform to avail credit. Gold loan category alone is estimated to be at 20B USD in annual disbursement. This is just a start and Rupeek intends to launch many more financial products spanning across multiple asset classes in near future.
Founded in 2015 by Sumit Maniyar, Rupeek is present in over 25 cities in India and has touched over 1,00,000 customers. Headquartered in Bangalore, Rupeek's investors include Sequoia Capital, Accel Partners, Bertelsmann and GGV Capital.

Perks and Benefits at Rupeek

Appraisals:
  • Yearly appraisals are given for December to Jan term
  • Mid term Appriasals are given between June and July
  • Multiple performance based appraisals depending on the candidate
Bonuses
  • Joining bonus is given on first month of joining (half in first year and half in second year)
  • Retention bonus is given after completion of 12 months (Given on 13th month)

Variable Pay
  • Performance bonus (10% of the fixed salary - it might vary with candidate)
  • Variables are paid in 2 terms (Jan to June, July to Dec based on performance rating)
  • 1 to 5 scoring on candidate's job performance (Bonuses given as per ratings: 1 - 0, 2 - 50%, 3 - 100%, 4 - 110%, 5 - 120%)
  • Relocation bonus (INR 50000 - Includes Airfare, Bus fare with logistics).
  • Candidates can come and stay for 15 days in the HQ city in case of emergencies

Recent Jobs at RupeekView All

Senior Software Engineer Test - SDET 2 · Posted more than a month ago
Full-Time · Bengaluru · 9-30L
Engineering Manager - Backend · Posted more than a month ago
Full-Time · Bengaluru · 12-70L
UI Developer - SDE UI · Posted more than a month ago
Full-Time · Bengaluru · 10-36L
Lead Software Engineer - Backend SDE 4 · Posted more than a month ago
Full-Time · Bengaluru · 12-60L
Lead Software Engineer - Backend SDE 3 · Posted more than a month ago
Full-Time · Bengaluru · 12-50L
Senior Software Engineer Mobile - SDEM 2 · Posted more than a month ago
Full-Time · Bengaluru · 10-37L
Senior Software Engineer - Backend SDE 2 · Posted more than a month ago
Full-Time · Bengaluru · 10-33L

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