Fintech
Bangalore, India
101-200
Fintech
2 ratings
0 ratings
Highlights
26 Million
Total Funding
Employee Growth
24-48 Hours
Time to Revert
Median Time to Shortlist
Median Time to Interview
No. of female employees
Total Funding
$26 M
Latest Funding
$ M
Series B • Jun 2022
Founders
Investors
3one4 Capital
Picus Capital
Sony Innovation Fund
Orios Venture Partners
British International Investment
Kalaari Capital
Also Investor At:
Myntra ,
Dream 11 ,
Winzo ,
Upstox
About
At WeRize, we are creating a new category in the Indian financial services space. We are building India’s first socially distributed full-stack fintech platform for middle-class families in tier 2-4 cities. The financial needs of small-city India have been largely underserved since traditional players, and even fintechs are unable to properly serve this segment.
WeRize is a full-stack provider, both manufacturing and distributing a wide portfolio of customized credit, insurance, and savings products for 300Mn individuals spread across the 4000+ Tier 2 to Tier 4 towns. This $200 Billion 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.
Families in small towns require high-touch sales/after-sales service, which can only be profitably provided using a social distribution model. The entire Indian fintech ecosystem is geared towards building DIY apps that help customers choose the right financial products for themselves. However, this approach doesn’t work for small-town families as they need high-touch sales and after-sales. Additionally, due to lower ticket-size/conversions vs tier-1 city millennial customers, digital CAC unit economics don’t work, leading to fintechs staying away from this superb segment Using the “Social Shopify of Finance” platform, WeRize has enabled thousands of financially literate freelancers in 1000+ cities to sell its financial products in their social circle. This solves trust issues as well as provides high-touch sales/after-sales.
Werize is the only Indian fintech platform/financial services player that has been able to distribute financial services through freelancers without any of its own feet-on-street/local branches. Our freelancers in 1000+ cities are managed only through Werize proprietary tech platform. This enables superb scalability and low CAC/ops cost=> highly profitable business model.
Perks and Benefits at WeRize
- Medical Insurance
- PF
- Retention Bonus (part of CTC)
Recent Jobs at WeRizeView All
Product Analyst · Posted more than a month ago
Full-Time · Bengaluru · 0-12L
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Fintech
2 ratings
0 ratings
Highlights
26 Million
Total Funding
Employee Growth
24-48 Hours
Time to Revert
Median Time to Shortlist
Median Time to Interview
No. of female employees
Total Funding
$26 M
Latest Funding
$ M
Series B • Jun 2022
Founders
Investors
3one4 Capital
Picus Capital
Sony Innovation Fund
Orios Venture Partners
British International Investment
Kalaari Capital
Also Investor At:
Myntra ,
Dream 11 ,
Winzo ,
Upstox
About
At WeRize, we are creating a new category in the Indian financial services space. We are building India’s first socially distributed full-stack fintech platform for middle-class families in tier 2-4 cities. The financial needs of small-city India have been largely underserved since traditional players, and even fintechs are unable to properly serve this segment.
WeRize is a full-stack provider, both manufacturing and distributing a wide portfolio of customized credit, insurance, and savings products for 300Mn individuals spread across the 4000+ Tier 2 to Tier 4 towns. This $200 Billion 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.
Families in small towns require high-touch sales/after-sales service, which can only be profitably provided using a social distribution model. The entire Indian fintech ecosystem is geared towards building DIY apps that help customers choose the right financial products for themselves. However, this approach doesn’t work for small-town families as they need high-touch sales and after-sales. Additionally, due to lower ticket-size/conversions vs tier-1 city millennial customers, digital CAC unit economics don’t work, leading to fintechs staying away from this superb segment Using the “Social Shopify of Finance” platform, WeRize has enabled thousands of financially literate freelancers in 1000+ cities to sell its financial products in their social circle. This solves trust issues as well as provides high-touch sales/after-sales.
Werize is the only Indian fintech platform/financial services player that has been able to distribute financial services through freelancers without any of its own feet-on-street/local branches. Our freelancers in 1000+ cities are managed only through Werize proprietary tech platform. This enables superb scalability and low CAC/ops cost=> highly profitable business model.
Perks and Benefits at WeRize
- Medical Insurance
- PF
- Retention Bonus (part of CTC)
Recent Jobs at WeRizeView All
Product Analyst · Posted more than a month ago
Full-Time · Bengaluru · 0-12L
Not able to find the Job you are looking for?
Upload your resume and we will notify you as they are posted