Chola partners with Rupyy

CHENNAI: Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, on Thursday announced a strategic partnership with Rupyy, a new-age fintech backed by CarDekho Group company, for loans and allied services.

Under this partnership, a specialised end-to-end digital and paperless platform has been designed to make the entire loan journey more convenient for automobile customers and retailers, a statement here said.

Ravindra Kumar Kundu, executive director of Chola, said, “We felt Rupyy’s platform would be a good fit for Chola to expand and offer our services to more than 4,000 car dealers. Together, we aim to offer new and used buyers a customer-centric service for availing loans & allied services."
Namit Jain, co-founder & CEO of Rupyy, said, "With this partnership, we aim at offering our customers with loans and allied services much more quickly and in a phased manner."