Wortgage Technologies Private Limited

Founded in 2019 and based in Bengaluru, India, Wortgage Technologies offers innovative financial solutions to underserved families in small towns, focusing on mortgages, loans, and insurance products. Wortgage Technologies Private Limited, operating under the brand WeRize, provides tailored financial services to small-town families in India. The company was founded in 2019 by Bikash Sarkar, Himanshu Gupta, and Vishal Chopra, with Vishal Chopra currently serving as the CEO. Headquartered in Bangalore, India, the firm has secured a total of INR 1.

208 billion in its most recent funding round on June 18, 2022, led by 3one4 Capital Advisors, alongside participation from British International Investment, Kalaari Capital, Orios Venture Partners, Picus Capital, and Sony Ventures. The company has successfully completed 4 deals to date, with a current valuation of INR 9. 900 billion, reflecting its growth trajectory in the financial services sector. WeRize operates as a comprehensive financial services platform tailored specifically for underserved families in small-town India.

The company manufactures and distributes a range of customized financial products, including mortgages, unsecured loans, and group insurance, aimed at fulfilling the unique financial needs of approximately 300 million customers across over 5,000 small towns in India. Their offerings leverage a proprietary technology platform, termed the "Social Shopify of Finance," which facilitates social distribution through a network of trained partners and freelancers. By providing high-touch sales and after-sales services in five regional languages, WeRize aims to address the gaps left by traditional financial institutions and fintechs that often overlook this demographic. This model not only supports families in achieving financial stability but also empowers local partners to drive financial inclusion within their communities.

WeRize reported a revenue of INR 3,670,033. 40 in the most recent fiscal year of 2023. The company’s revenue model focuses on offering customized financial products through a network of trusted partners, enhancing customer retention and satisfaction. Each financial product is designed to cater to small-town customers' specific needs, and the company benefits from a scalable model that allows efficient management of operational costs while serving a large client base.

The reported EBITDA for 2023 was INR -1,165,023. 90. In June 2022, Wortgage Technologies raised INR 1. 208 billion in pre-Series B funding to enhance its tech infrastructure, develop new financial products, and onboard freelancers to its platform.

The company plans to introduce new products designed for small-town customers and expand its operational reach into additional geographic regions across India. Recent funding will be strategically utilized to support these initiatives, aiming to further solidify the company's position in the financial services market.