CASHe to enlist on Rubique’s online platform

MUMBAI: Aeries Financial Technologies, a fin-tech company promoted by serial entrepreneur and private equity investor V Raman Kumar, has announced that CASHe, India’s loan giving app for young salaried professionals, has entered a strategic partnership with Rubique, an online marketplace for financial products.

In this collaboration, Rubique will enlist CASHe on its online platform for borrowers to avail viable short-term loan products from CASHe.

CASHe provides loans with its app enabled documentation and loan disbursal/repayment process. Powered by its algorithm driven credit scoring platform, the Social Loan Quotient (SLQ), CASHe quickly determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. CASHe disburses multiple loan products ranging from Rs 5,000 to Rs 1,00,000 payable over 15, 30 & 90 days. CASHe now disburses loans over 1 Crore per day in less than a year of operations. With an average loan processing crossing 500 loan applications per day, CASHe is now India’s leading and most preferred fintech company in the personal lending space.

Commenting on this new move, V Raman Kumar, Chairman, Aeries Financial Technologies, said, “Rubique’s online platform with its unique matchmaking algorithm is an industry first, and with CASHe now being enlisted on its platform, the prospective borrowers will now have access to CASHe’s short-term loan products available through its app. The application will be directly integrated to Rubique’s platform for the users to download and avail a loan within minutes on their smartphone.”

He added, “Rubique’s large customer base will now have access to quick and easy credit without any collateral, physical documentation or verification. This indeed will be an exciting proposition for young salaried professionals. With our strategic partnership with Rubique, we hope to increase our customer base exponentially.”

“Partnering with a fintech product like CASHe complements our business model and vision to provide easy & quick access finance to the borrowers through advanced technology,” said Manavjeet Singh, Founder & CEO of Rubique.