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rupifi

Provider
Lending

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 1 category.

rupifi.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesLending
Rank#121 of 254 in Lending
Buyers2 companies
HeadquartersBengaluru, Karnataka, India
Founded2020
FoundersAnubhav Jain, Jawaid Iqbal
Raised~$29M+

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Founders & story · from rupifi’s own dossier

Founded 2020 as a B2B BNPL provider for SME merchants on Indian B2B marketplaces, Rupifi has evolved into a broader 'B2B Payments Suite' / checkout platform serving brands, distributors, retailers, and marketplaces. The model is multi-lender orchestration: Rupifi sources merchants on partner marketplaces, runs underwriting and embedded credit journeys, and routes underlying credit to RBI-registered Partner Lenders (Muthoot Finance, NDX/LiquiLoans, Western Capital Advisors, Great Meera Finlease, etc.). Recent positioning emphasizes B2B checkout, split payments, and instant settlement for marketplaces alongside core BNPL.

Latest round: Series A, January 2022
Full dossier: rupifi’s own stack, layer by layer →
Who uses rupifi
2 companies disclose rupifi in their stack
Ugro CapitalMuthoot Finance
What the disclosures say
Ugro Capital
“Rupifi publicly lists UGRO Capital as a customer (known_customer_listings, TIER 1) — Rupifi is an embedded B2B credit platform, indicating UGRO operates as a lender within Rupifi's network.”
Muthoot Finance
“Partnership with Rupifi (TIER 1 — Rupifi publicly lists Muthoot Finance as customer) for B2B SME credit confirmed by Financial Express article naming both companies.”
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What rupifi runs on · from its own dossier
The third-party providers rupifi itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose rupifi.
PSP
UPICardsCredit
Lending
Muthoot FinanceLiquiLoansWestern Capital AdvisorsGreat Meera Finlease
Full dossier with evidence for each layer →
Alternatives to rupifi

Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Affirm65 buyers →Klarna55 buyers →YouLend46 buyers →Mambu36 buyers →Stripe Capital33 buyers →Wisetack27 buyers →Liberis21 buyers →Afterpay16 buyers →
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Ranked #121 of 254 in Lending — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/rupifi?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/rupifi.svg"
       alt="Ranked #121 of 254 in Lending — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/rupifi/install" width="1" height="1" alt="" style="display:none">

rupifi — frequently asked

Which companies use rupifi?

2 companies are linked to rupifi in the Embedded Finance Index 2026, through their own public disclosures or rupifi's published customer list, including Ugro Capital and Muthoot Finance.

What does rupifi do?

rupifi is an embedded-finance provider in Lending. It ranks #121 of 254 Lending providers by linked companies.

What are the alternatives to rupifi?

The most-named Lending alternatives to rupifi are Affirm (65 buyers), Klarna (55 buyers), YouLend (46 buyers), Mambu (36 buyers), Stripe Capital (33 buyers) and Wisetack (27 buyers).

Who founded rupifi?

rupifi was founded by Anubhav Jain and Jawaid Iqbal and is founded in 2020, headquartered in Bengaluru, Karnataka, India.

How much funding has rupifi raised?

rupifi has raised ~$29M+ in total.

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