Started in January 2016; Qbera is an online lending start-up that helps underbanked individuals get quick emergency loans within 24 hours. Qbera has a database of 7 lakh companies and anyone earning a minimum of Rs 20;000/month is eligible for loans ranging from Rs 50;000 to a maximum of Rs 7.5 lakh. The fintech startup has so far disbursed loans worth Rs 30 crore to more than 2;000 customers since its inception; and aims to reach the Rs 200-crore mark by the end of FY19. Qbera operates in Bengaluru; Mumbai; Hyderabad; Delhi/NCR and Chennai; has processed over 1 lakh loan applications to date and has raised $1million in funding.Edit Description
