Rubique bags $3m for bridge funding round

India-based Rubique has reportedly picked up $3m for a bridge round of investments, after postponing its Series B round.

The deal was completed a few months prior; however, the company decided not to disclose the information, according to ET Tech who cite an executive at the company. Investors to the deal included Kalaari Capital and Apis Partners managing partner Udayan Goyal.

Founded in 2014, Rubique tries to make access to finance easier for individuals and SME’s through its range of credit cards and loan products. The lending platform offers real time processing, online approval, data analytics and loan origination qualification.

According to the report, last year the firm was looking to raise a $10m to $15m Series B investment round, but delayed it after the company was generating revenue. The company is believed to now looking to raise the funding round after increased interest.

The company picked up a $3m Series A funding round in 2015, with Kalaari Capital, YourNest Angel Fund, Globevestor, Globvestor & Dexter Angel Circle all taking part.

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