Roopya raises pre-seed round led by 100X.VC

Lending analytics and infrastructure as a service firm Roopya has raised Rs 5.09 crore in its pre-seed round led by 100X.VC. The round also saw participation from KRS Jamwal, SAT Industries, Vishal Khare of Snyk, Shavdia Ventures and several other marquee investors.

The proceeds will be used to further develop its lending infrastructure, covering more products and analytics layers, the company said in a press release. Additionally, it will use the capital to invest in building a data infrastructure for Lenders and Loan Service Providers (LSPs).

Launched in April 2023 by Raman Vig and Sudipta K Ghosh, Roopya is used by both lenders and LSPs to consume on-demand risk scorecards, lending analytics, early warning systems, LoS, CRM, business rules engine (BRE), pre-approval management, offer management and mandate execution. 

The platform claims that it helps lenders of all sizes and over 100,000 LSPs get access to lending infrastructure and risk analytics on SaaS.  So far, it has signed over 25 clients covering both lenders and LSPs.

Early-stage VC firm 100X.VC has backed several startups this year. The list includes 50Fin, Minifeel, Vodex, ThinkMetal, Luzo, Dr Mantra and abCoffee among others.

Launched on a cohort-based investment model, the fund had announced the first batch in December 2019 with 20 early-stage startups.