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FinTech Startup Rubique Raises $3million in Bridge Round

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FinTech Startup Rubique Raises,Rubique CEO Manavjeet Singh,Rubique Advantage,Rubique in bridge round,startup stories,startup stories india,Inspiration Stories,Economic Times,2017 Most Read Startup Stories

Financial Tech startup based in Mumbai raised $3 million from Kalaari and others in a bridge round of funding. This round of funding was raised a few months ago but was kept under wraps due to internal reasons according to a top executive who spoke with The Economic Times.

Reportedly, the bridge round was a part of their Series B round of funding which took place mid last year where they intended to raise $10-$15 million. This bridge round was led by Kalaari Capital and Udayan Goyal, Managing Partner at Apis Partners.

Manavjeet Singh, CEO at Rubique, told Economic Times that they initially delayed Series B as the company was already generating revenue. However, due to huge inbound interest, they are planning to start the process again. In April last year, the company managed to raise $3 million in Series A funding round from Kalaari Capital, YourNest Angel Fund, Globvestor and Dexter Angel Circle.

Initially known as bestdealfinance, Manavjeet Singh started Rubique in 2014 along with Sandeep Nambiar as an online financial marketplace. They offer end to end solution for a user’s capital needs by deploying its proprietary algorithm and integrating it with the bank’s lending system, to SMBs and individuals. The company claims to have disbursed more that Rs. 1500 crore worth of loans and has been generating Rs. 2 crores revenue per month.

They have recently added insurance products to their portfolio and launched a new feature called ‘Rubique Advantage’ that enables users to get their loan applications processed faster. They showcase more than 165 products in various categories and have tied up with over 65 financial institutions including Banks and non banking financial companies (NBFC.) 
 

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The larger implication is that India’s next fintech growth story may be driven by financial inclusion rather than convenience alone. Investors are increasingly backing companies that combine technology, data-driven underwriting, and localized distribution to serve emerging consumer segments. As competition intensifies, the ability to build trust, offer relevant products, and address the financial needs of Bharat could become a key differentiator for the next generation of fintech leaders.

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