Lending analytics and infrastructure as a service company, Roopya has raised Rs 5.09cr funding in a pre-seed round led by 100X.VC. The investment firm was the first institutional investor to invest in Roopya. Post 100X.VC pitch day, the round further witnessed participation from KRS Jamwal, executive director of Tata Industries, SAT Industries, Vishal Khare of Snyk, Shavdia Ventures, and several other marque investors.  

The company plans to utilise the funds to further develop its lending infrastructure, covering more products and analytics layers. Additionally, it will use the capital to invest in building a data infrastructure for lenders and loan service providers (LSPs). 

Raman Vig and Sudipta K Ghosh launched the start-up in 2023. It has Analytics as a Service layer, an Infrastructure layer, and a network/distribution layer. The platform is used by both lenders and LSPs to consume on-demand risk scorecards, lending analytics, early warning systems, LoS, CRM, business rules engine (BRE), pre-approval management, offer management, and mandate execution. So far, it has signed over 25 clients covering both lenders and LSPs. 

It is a ‘Specified User Fintech’ under the CICRA Act. The platform helps lenders of all sizes and over 100,000 LSPs get access to state-of-the-art lending infrastructure and risk analytics on SaaS. Additionally, the company is a part of the Financial Inclusion Lab of CIIE.co of IIM Ahmedabad. 

Ninad Karpe, partner, 100X.VC, said, “In the highly competitive and volatile market, Roopya has established a strong position, seamlessly serving both lenders and Loan Service Providers (LSPs). The platform is on its way to catalyse large-scale financial inclusion in India, and we are thrilled to support them in their growth journey.”  

Raman Vig, co-founder and CEO of Roopya, said, “Roopya aims to become an end-to-end lending infra and analytics player covering all aspects of lending like origination, underwriting, early warning, collection, and cross-sell. We intend to catalyse large-scale financial inclusion in the country, and we are confident this funding will help us reach one step closer to our goals.” 

Sudipta K Ghosh, the co-founder of Roopya, said, “The Roopya platform is unique in terms of providing a SaaS-based Infra layer, Analytics layer, and Distribution layer for the Lenders and LSPs. The analytics layer is powered by the specified user status of Roopya, which helps us position uniquely with our lender customers. We have built a robust client base over the years and intend to utilize the funding to expand and enhance our product offerings to service our customers better.” 

The company provides Insight and Analytics to Lenders on SaaS (Roopya is a Specified User by RBI CICRA Act 2005). It provides lenders access to run pre-approval, scorecard, KYC, and BRE on a large pool of borrowers almost instantly on a self-service platform.