Fin-tech startup Chqbook gets funding from Startup Buddy and others

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Chqbook — a finance technology startup that allows customers to explore, compare, book and get personal finance products, has raised an undisclosed amount of funding in a new round.

The funding round saw participation from YouWeCan-backed Startup Buddy, along with angel investors Apurva Chamaria, global head of corporate marketing at HCL; Sachin Arora, ex-CTO at Myntra; and Bharat Gupta, founder of Net Asset Consulting LLP, among others.

Commenting on this, Vipul Sharma, co-founder of Chqbook, said,

Financial products are quite complex and diverse and our model aims to provide complete and honest advise and support to retail consumers to take best decisions for their key financial needs. Currently, we provide only home loan on our platform and will be adding personal loans and credit cards shortly.

The startup operates a marketplace for financial products that brings suppliers, distributors and customers onto a single platform — both online and offline. Customers can explore loans and check their eligibility while Chqbook uses machine learning and complex algorithms to match customers to the right provider.

It currently operates in four major cities and claims to have over 400 plus experts on its platform. The fund raised will be deployed to expand to over 50 cities, and expand further into credit cards and personal loan services.

In India, as per the company, there are over 20 lakh financial service providers like insurance agents, direct selling agents and bank executives, who help process loans and cards

As per market estimates, in the personal finance industry, around ₹50,000 crore a month of home loans are disbursed out of which online is only 2%-3% but it’s been doubling each year.

- Advertisement -

Latest News

Ankita Lokhande and Vicky Jain are so adorable to watch together [PHOTOS]

Ankita Lokhande's career in TV industry mainly consisted of highs. She did a remarkable role in the popular show...

ALERT: Pawar appears to back Pak more: Modi

--Indo-Asian News Serviceabn/in Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

ALERT: Previous Cong govt didn’t sanction bullet-proof jacket for our brave soldiers: Modi

--Indo-Asian News Serviceabn/in Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

Pooja Batra looks like a piece of art in THIS latest photoshoot

Pooja Batra is a well known Bollywood actress who is known for her bold looks ans her strong fashion statements. In her long career...

Ayodhya bench not sitting in post lunch session on Thursday

New Delhi, Sep 19 (IANS) The Constitution bench of the Supreme Court has decided not to conduct hearing of the Ayodhya title dispute in...
- Advertisement -

More Articles Like This