Rubique launches TAB solution to make financing simple for MSMEs

Posted by: at 6/12/2017 12:24:00 am

A savior for MSMEs – Rubique launches TAB solution to make financing simple for MSMEs

Tech Assisted Business (TAB) solution, designed for tablets, offers technology platform which automates the subjective space of SME financing


Mumbai, June 12, 2017:  For MSMEs, raising capital so far has been a herculean task with all the tedious paperwork, evaluation of credit history and high rejection rates due to various reasons. But, things are now set to change as the leading fintech player, Rubique is making a strong headway in the country’s lending ecosystem with its ultimate lending solution, the new TAB (Tech Assisted Business Solution) feature. The feature designed especially for tablet usage, addresses the above-mentioned concerns effectively as a one-stop transaction platform which handles the lead from origination till disbursement.

Rubique launches TAB solution to make financing simple for MSMEs

In view of the intricacies required in processing SME finance as well as the lengthy forms to be filled up, Rubique has created the TAB solution offering a wide product portfolio.

The products on this solution cover low to high risk capital requirement  through 5 broad-level product categories of 2 secured – LAP, MEL, 3 unsecured – Micro Business Loan (>5 lac) , Unsecured Business Loan, Commercial Vehicle Finance.

The platform also incorporates the Rubique Advantage feature which brings advance technology propositions like eligibility check through matchmaking algorithm, quick decisioning on the application, real time credit bureau check & real-time status tracking by integrating with financial institutions’ systems. Additionally, the solution also includes advanced technology features like IRIS scan for Aadhar authentication, & generation of credit assessment memo (CAM) along with deviations enabling the credit underwriter to take quick decisioning & reduce the processing time further.


Commenting on the newly-introduced solution Manavjeet Singh, Founder and CEO of Rubique said, “Our country is home to many small businesses but a majority of them fail to grow due to difficulties faced to get access to finance. The biggest inefficiency of the market is the discovery of the right financial institution willing to lend as the risk appetite for each financial institution varies leading to subjective assessment of the borrower.  For the financial institutions, lending without substantial financial data becomes a risky business. We are here to eliminate these barriers and make the lending processes beneficial for both the lenders and the borrowers. Thus, with the help of technology, we have created this solution to ease the complicated lending process, thereby improving and enhancing the customer experience.”

Rubique has been observing a growing interest from financial institutions to adopt its technology vision because unlike other loan aggregator platforms, it promises end-to-end fulfillment driven by its technology interventions. The advanced technologies used by Rubique scrutinizes hundreds of data points to assess the creditworthiness of customers and provide them the offers they are eligible for, thereby removing the manual efforts in the loan processing system. Such unique technology propositions have enabled the platform to cross the mark of INR 1300+ crore in disbursement & 1 Lac application processing. Rubique’s recent selection in Abu Dhabi’s Global Market Sandbox initiative recognizes the power of technology to get replicated in different markets.


About Rubique

Fintech Company Rubique is the leading marketplace lending platform in India. The platform empowers individuals & SMEs with an easy & smoother access to finance through wide range of loan & credit card products. Built on proprietary matchmaking algorithm, Rubique’s marketplace platform has been integrated with financial institutions’ systems for real time processing & for providing online approvals to the customer. The advance technology solution not only reduces the processing time significantly but the data analytics done on hundreds of data points helps to bring predictability & assess creditworthiness offering best deal to their customer.




Famous Celebrity Wiki/Biography

Share Your Opinion