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Rapa: 500 Demo Day Batch 22


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Rapa, Alternative mortgage lender for US customers to buy homes abroad

Published in: Technology
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Rapa: 500 Demo Day Batch 22

  1. 1. L o ans to b u y h o mes abr o ad
  2. 2. Loans taken by Indians in the US to buy homes in India $50B Source: Public financial statements of top banks in India |
  3. 3. Our customer: Dr. Rajesh Top Education Medical Doctor $300K Salary 750 FICO Score US banks not setup to lend Problem | Scenario
  4. 4. Scenario 9% Interest Rate 3 months of paperwork Unfriendly service | Problem
  5. 5. % $ Low Interest Rates No Transfer Fees Smart Digital Systems Fast, Friendly & Simple $20,000 an estimated On a $100,000 loan SAVE + Rapa’s Seamless Experience |
  6. 6. Qualified Loan Demand $7.6M | We started marketing 5 weeks back with a limited budget
  7. 7. 92% Prime & Super Prime Customers $5.65 M $1.43 M $0.35 M $0.23 M Above 720 FICO 660 - 720 FICO 600 - 660 FICO Not Sure Excellent Good Fair $7.08 M |
  8. 8. The Experienced Team SH ANU CEO JAY COO Former CFO of Societe Generale, Georgia Stanford Graduate School of Business NI CK CFO Underwriting at Capital One MS Mathematics, University of North Carolina MS Finance, University of Illinois at Urbana Champaign KAL Chief Risk Officer Industry veteran in Fintech and Lending Big law and international experience PAU L Legal & Compliance |
  9. 9. Building the mortgage and data company for the global prime customer |