BANKING AND ECONOMY
Auto-tech company CarDekho has introduced a specialized fintech platform ‘Rupyy’, which offers new financing options to automobile customers and retailers. This new fintech platform will enable customers to apply and get an instant approval for all their auto financing requirements.
It is an end-to-end digital platform that has been designed to make the entire loan journey super easy and convenient while ensuring a quick turnaround time of just a few minutes. It is a digital QR-code-based onboarding journey at car dealers/finance distributors.
The features available for the consumers are a self-help journey through this QR-code, video-KYC, e-NACH and e-Agreement to get their loan sanctioned at the Point of Sale in just a few minutes. In the future, a few other features will be added to co-create financial products that offer a new-age way of owning an automobile in India and represent 35-40% market share in the segment over the next 3-5 years.
CarDekho Financial Services business will be transformed and merged under this new brand. CarDekho Financial Services business has scaled up its distribution to 1,750+ channel partners across 80+ hubs all over the country.