Aurigain to disburse ₹500 Cr worth Gold Loan in 1st year of operations
Aurigain Consultants Pvt. Ltd., a fintech player in GoldTech space, has emerged as a challenger in the industry by disbursing over ₹350 crore loan against gold in the last 10 months. The start-up intends to close the FY 21-22 by achieving ₹500 crore in annual disbursements and target ₹2500 in the next financial year.
Aurigain has acquired a significant market share in the GoldTech industry within a short span. Since its inception in Feb 2021, the start-up has facilitated over 9000 loans. The start-up has registered a 40% month-on-month growth allowing it to raise a funding of 5,00,000 USD from multiple investors.
Vikram Singh, Director claims that – “The GoldTech space is rapidly increasing, and there is a significant jump in demand for loans against gold. Aurigain has been witnessing a phenomenal growth in the past year. We have been able to raise capital from various investors to expand our business to newer regions the paperless application and quick disbursement of loans with utmost security has been our USP to acquire customers’ faith.”
Aurigain has alliance with major private banks for lending business, this allows us to offer a seamless experience and a higher loan to value for gold loan borrowers at competitive interest rates.
Aurigain is backed by founders of Calance Corporation, a US based multinational with very diversified interests from Software and Managed Services to Organized Retail.
