Rupeek, an Indian on-line gold loan firm, has launched RupeekZ, a “zero contact” gold loan kiosk, with the intention to safely problem gold loans, following the COVID-19 outbreak and ensuing financial challenges.
The Fintech agency says it goals to remove human contact throughout transactions to forestall the additional unfold of the Coronavirus.
RupeekZ makes use of germicidal know-how to show the gold to UVC gentle in a closed field surroundings. This course of helps take away a lot of the germs and viruses. The answer has been designed in a fashion which requires no contact between the borrower and the corporate employees.
The know-how permits prospects to soundly receive loans in exchange for his or her gold throughout these tough instances.
Rupeek’s administration confirmed that it will likely be putting in the kiosk in several places throughout India together with the cities of Bengaluru, Chennai, Hyderabad and Mumbai.
Prasad Shahane, head of Lender Partnerships at Rupeek, acknowledged:
“In line with its innovative solutions for gold loans for the borrowers and the banks, Rupeek wanted to come up with a safe way of pledging gold at our doorstep as well as in- branch offerings. We gathered input from our customers and partners through multiple prototypes, all within the last couple of months, and are happy to present the RupeekZ kiosk.”
“We hope that we create an environment of safety and easy credit for our customers, banking partners and employees alike.”
Rupeek maintains enterprise operations in 11 cities throughout India. The corporate is planning to broaden its operations within the subsequent few months, Shahane confirmed.
Rupeek secured $30 million in capital in November 2019 by means of an funding spherical led by Bertelsmann India Investments. Current traders Accel and Sequoia India additionally took half within the spherical.
Rupeek’s administration had famous at the moment that it had been disbursing $150 million in gold loans per 12 months, and that its operations have been increasing 20% every month.