Lending analytics and infrastructure as a service firm, Roopya, has raised Rs 5.09 crore in its pre-seed round led by 100X.VC. KRS Jamwal, SAT Industries, Vishal Khare of Snyk, Shavdia Ventures, and a number of other notable investors also participated in the round.
According to a press release from the company, the funds will be used to expand its lending infrastructure to include more products and analytics layers. The funds will also be used to build a data infrastructure for lenders and loan service providers (LSPs).
Raman Vig and Sudipta K. Ghosh launched Roopya in April 2023. Lenders and LSPs use it to consume on-demand risk scorecards, loan analytics, early warning systems, LoS, CRM, the business rules engine (BRE), pre-approval management, offer management, and mandate execution.
“We have built a client base over the years and intend to utilize the funding to expand and enhance our product offerings to service our customers better,” said Ghosh.
The platform claims that it enables access to lending infrastructure and risk analytics on SaaS for over 100,000 LSPs and lenders of all sizes. Over 25 clients, including lenders and LSPs, have signed up with it so far.
Early-stage VC firm 100X.VC has backed several startups this year. The list includes 50Fin, Minifeel, Vodex, ThinkMetal, Luzo, Dr Mantra and abCoffee, among others.
Launched on a cohort-based investment model, the fund announced the first batch in December 2019 with 20 early-stage startups.
