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Online financial matchmaking platform Rubique partners with Qbera

MediaInfoline July 3, 2018

Rubique Technologies has announced a partnership with Bangalore based Fintech start-up, Qbera, and offer instant decisioning and approval for personal loans through its platform. Rubique has integrated with Qbera’s platform through open APIs to provide seamless exchange of data and instant approval. The loan offers will be then communicated to the customer through SMS and email within 4 working hours of application which the customer can digitally accept and provide consent. While, Rubique will use its notification engine to inform the customer about its application progress in real time, Qbera will be leveraging its risk based pricing engine to open up its policies to target to employees working for over 7 lakh employers – a majority of which are largely underserved by existing banks & NBFCs. The integration will further assist new to bank customers, applicants without credit histories, as well as those with slightly lower than prime scores and low income bracket consumers with seamless digital loan processing.
Founded in the year 2014, Rubique Technologies is India’s online, advanced technology integrated matchmaking platform for Loans and Credit Cards, with more than 2,00,000 customers, and facilitating more than INR 3,000 cr loans and over 1,00,000 credit card setups till date. Creating a niche in the online consumer finance space, Rubique’s online platform is built on an AI-based recommendation engine, which has been integrated with financial institutions’ systems for real-time processing and provides instant online approvals to the customers. The platform has paperless-focused features that transform the loan approval and processing – through e-KYC, bank statement analysis, and real-time status tracking – into an optimized and efficient system taking up minimal time and greatly increasing accuracy. The platform has also been integrated with CIBIL where customer can check his/her credit score.
The other paperless-focused features that are integrated with platform are, credit bureau check, credit memo generation & MCA integration etc. These features further allow real time decision making on the application making it complete paperless process.
Speaking on the partnership, Manav Jeet, MD & CEO, Rubique said, “In an age where you can pay for your Kid’s school fees online without leaving your house; you still need to fill out paper forms to apply for a loan. As we transition into a cashless economy, banks, retailers and FIs need to adopt to newer technologies in order to keep up with this metamorphosis. Rubique being a marketplace platform enables customers to discover the right product as per their needs and eligibility and complete the entire digital loan journey end to end on its platform. Tie-ups with lenders like Qbera allows Rubique to expand the spectrum of customers it can cater to and serve customers who otherwise who would not get a loan in the traditional setup. Moreover, by deep integration, Rubique provides seamless and convenient experience to the customers.”
“We believe our partnership will go a long way in bolstering credit permeation in a market that has essentially been found wanting for access to instant, paperless and digital credit. Employees working for a vast majority of employers in India do not have access to unsecured loans – we aim to expand this relationship to service multiple segments and geographies in the coming months, “said Aditya Kumar, Founder & CEO, Qbera’s easy eligibility parameters have enabled a massive segment of traditionally underserved customers to get much-needed access to instant credit. An enhanced credit penetration among the populace has proven to positively impact purchasing power, financial freedom, and economic growth.


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