Qbera
Company

Last deal

$1.9M
Local Amount - INR 140M

Amount

Venture - Series Unknown

Stage

21.09.2018

Date

4

all rounds

$4.1M

Total amount

General

About Company
Qbera is a managed marketplace for unsecured personal loans.

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Also Known As

Qbera

founded date

01.12.2015

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Qbera offers credit products co-created with banks in a hybrid lending model, sharing some of the risk with the bank. They have an omni-channel borrower sourcing funnel, validated risk strategy and scorecards, paper-less delivery of loans, a proprietary Loan Management System (LMS), and data-driven early warning systems for collections. Banks and NBFCs can plug their balance sheet into Qbera to tap into new customer segments using Qbera’s programmatic lending solution and benefit from lower operating expense, data-driven underwriting and credit decisioning, reduction in turnaround time, no cost of customer acquisition, proven technology and increase in profitability. The lending platform helps in making instant lending decisions and getting money into borrowers accounts with a small time span, enabling users to get digital and quick loans to people when they need them.
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