Capital India Finance’s material subsidiary -- Rapipay Fintech has raised $15 million in funding to launch NYE, a new age digital banking super App. The investors see a great synergy with NYE (digital banking Super App) in getting their entire retail network of 6 million merchants using the super App for all their requirements like salary & current accounts, payment solutions, retail & business loans, Buy Now Pay Later, investments, insurance or other convenience services.
RapiPay is the only Digital Banking player in the country to have a ready phygital infrastructure of half a million hybrid Direct Business Outlets (DBOs). The company is doing 1 million daily transactions and has served more than 100 million customers, witnessing a robust growth of 25% MOM in basic banking services like Cash withdrawal and deposit, AEPS, Micro ATMs, POS, Utility payments, Loans and Insurance.
Capital India Finance is an India focused, integrated financial services platform.
