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Qbera disburses Rs 30 crore in loans, aims Rs 200 crore by end of FY 19

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What sets Qbera aside from other players is also the quality of the portfolio, with an aggregate delinquency rate of less than 0.5% to date.
What sets Qbera aside from other players is also the quality of the portfolio, with an aggregate delinquency rate of less than 0.5% to date.

Bengaluru based digital lending startup Qbera has disbursed Rs 30 crore of loans to over 2,000 customers, with an average ticket size of Rs 1.6 lakh, Qbera currently disburses Rs 4 crore worth of credit each month, registering a revenue of Rs 1 crore in the previous year.

The company aims to breach the Rs 200-crore mark by the end of the 2018-19 financial year.

“It also drives us to reach out to more consumers across various segments and geographies who have traditionally been excluded from the financial system and are in need of credit – predominantly salaried individuals working for over 7 lakh employers with middle-incomes, said Aditya Kumar, founder, Qbera.

What sets Qbera aside from other players is also the quality of the portfolio, with an aggregate delinquency rate of less than 0.5% to date. It is for this reason that Qbera is able to forge selective, best-in-class partnerships with leading financial institutions and create fast, frictionless and fair financial products for delivery to this large, underserved-yet-creditworthy segment.

In the next two years, the company plans to reach an AUM of Rs 500 crore.

The company currently operates in cities such as Bangalore, Mumbai, Hyderabad, Delhi/NCR, and Chennai, having processed over 1 lakh applications so far. In addition, it plans to expand its presence across tier-2 cities such as Ahmedabad, Jaipur, Coimbatore, Indore, Lucknow, and Surat over the next few months.



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