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Investing Stage & Year
Seed, 2019
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Founding Year
2019
Status
Active
FinTech
ConsumerTech
India’s First Socially Distributed Full Stack Financial Services Platform for Small Town India
WeRize is creating a new category in Indian financial services space. It takes a full stack approach where it manufactures as well as uses social distribution to sell customised credit, group insurance and savings products for customers living in 4000+ small cities in India that are currently not serviced by traditional financial services players.
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Why Did Kalaari Invest in WeRize?
WeRize is building India’s first full stack financial services platform for 500Mn underserved customers in 4,000+ small towns of India that traditional players as well as fintechs are not able to serve. It has used 1 billion+ data points to design customised credit, insurance, and savings products.
Additionally, since small town India customers need high touch sales and after sales, it has created a unique freelancer social distribution technology platform (“Social Shopify of Finance”) where thousands of financially literate freelancers sell WeRize’s products in their social circle.
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