Financial marketplace startup RUBIQUE, ruffles for associate state-run banks

Financial marketplace startup RUBIQUE, ruffles for associate state-run banks.

Bengaluru | RNW | Feb 17,2016 01:34 IST.

Online Financial Marketplace and Start-up, Rubique has decided to forage and co-partner with a number of state-run banks, which are popular and run most parts of the marketplace. Rubique’s founder and CEO, Manavjeet Singh says, “We aim to be the largest online marketplace for financial products. We are talking to multiple large state-run banks but not in a position to disclose the names as yet."

This company has been supported and aided by Kalaari Capital, a venture capital firm. The company which is currently into the spreading of small business loans, credit cards and retail loans, decided to work on the collaboration after the need to supplement its product line. Previously known as Bestdealfinance, this company was founded in October 2014 and has spread about rs.150crores for loans, 3500 credits, Rs.2.5crores in a matter of seven months and aims to expend upto rs.5000crores by the month of March.

Among the lenders of the public sector, IDBI Bank and PNB Housing Finance have been consigned while the private sector collaborations include ICICI Bank, Axis Bank and HDFC Bank. News is that, Rufique is in amalgamation with about 52 other negotiators and is in the verge of allying with SBI Cards & Payment Services.

The main aim of this company is to improve its services by grabbing the attention of customers who are attracted by companies like Flipkart, Snapdeal and Amazon. The company’s technology centre is currently at Bangalore and has offices at Mumbai, Pune, Hyderabad, Delhi, Kolkata and Bangalore. While the online service aims to improve the fact that the customers must receive the best deals at the fastest rate; the physical offices are said to provide the offline customers the same service.

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