Founder Of The FIntech Platform- Rupeek, Sumit Maniyar

Sumit Maniyar is the founder of Rupeek, India’s foremost asset-backed, digital lending fintech platform. Rupeek is pioneering novel financial products to help monetize India’s $2 trillion gold, driven by a purpose to make loans accessible to Indians in a fair and convenient manner.

From May 2010 to June 2012, Sumit worked as an Associate in the Research Division of Religare Capital Markets Limited. At the firm, he was in charge of the coal and utility divisions. Mr. Maniyar previously worked in the Research Division of JP Morgan Chase & Co. as an analyst.

Rupeek’s birth in 2015 was accompanied by a story of rejection. Maniyar’s application for a loan against property was refused by a prominent non-banking lender in 2012. Maniyar, an IIT-Bombay graduate and Chartered Financial Analyst, was taken aback. He comes from a well-to-do family with a respectable background. Being turned down for that loan didn’t transform his life, but it did make him understand that the lending chain as a whole leaves a lot to be desired. As a result, the company was founded, and it is currently available in over 40 locations across India, with over 5,00,000 customers. Sequoia Capital, Accel Partners, Bertelsmann, and GGV Capital are among the investors in Rupeek, which is based in Bangalore.

Rupeek is revolutionising the way gold loans are dispensed in India, thanks to cutting-edge technology and an automated asset-light supply chain. It is creating gold-backed assets in a low-risk, low-touch, frictionless manner through collaborations with premier banks and financial institutions.