Bestdealfinance rechristens itself as Rubique
Bestdealfinance.com, an online marketplace for financial products for individuals and SMEs, has rebranded itself as Rubique. The company had recently secured $3 million (Rs 20 crore) in a Series A funding round led by Kalaari Capital. YourNest Angel Fund, Globevestor and Dexter Angel Circle also put money in the round. The new capital was used to strengthen technology infrastructure, build a team and enhance its customer support function.
The Mumbai-based company offers home, auto and business loans against property, credit cards as well as healthcare and construction equipment financing.
"Our focus is to create a platform to bring borrowers and lenders together eliminating uncertainties and reduce the turnaround time," said Manavjeet Singh, founder and CEO of Rubique.
The startup was founded by Singh and Sandeep Nambiar in February 2015.
The firm claims to have signed up with 41 financial institutions for over 200 products across retail and SME loans. It also claims to have received close to 10,000 applications, of which 2,000 applications have been processed.
Currently present across Mumbai, Delhi, Kolkata and Pune, the company is looking to expand its footprint to Bangalore, Chennai and Hyderabad.