Ruptok Fintech, a startup focused on providing loans against gold, has secured debt funding of Rs 14 crore from Delhi-based NBFC Eclear Leasing and Finance.
Ruptok plans to use this funding to venture into co-lending through an agreement with Eclear. With this alliance, the two companies intend to offer a higher loan to value (LTV) for borrowers than average market rates, in compliance with the directives laid down by RBI, a statement said.
