
Oro
Providing a safe and convenient way for people to use their gold to help with business, medical, education, or investment needs.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor | €0.0 | round | |
* | $12.5m | Early VC | |
Total Funding | 000k |
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OroCorp is a fintech startup operating in India that offers a unique financial solution by allowing individuals to leverage their idle gold assets. The company's primary service is providing loans against gold, a common asset held by many Indian households. This service is designed to help individuals meet various financial needs such as business expenses, medical costs, education fees, or investment requirements.
OroCorp's business model is straightforward. It offers loans by valuing the gold at the highest per gram rate and charging interest rates starting at 0.79% per month. This model allows the company to generate revenue from the interest paid on these loans.
The company's target market includes individuals who have idle gold assets and are in need of financial assistance. This could range from small business owners looking for capital to expand, families needing funds for medical emergencies, or students requiring financial aid for education.
OroCorp prides itself on its use of technology, transparency, and convenience to revolutionize the traditional gold loan market. The company's focus on these aspects aims to foster a better work culture and provide a more efficient and user-friendly service for its clients.
In summary, OroCorp is a fintech company that provides loans against gold, serving individuals in need of financial assistance. It operates in the Indian market, leveraging technology and transparency to offer a convenient and efficient service.
Keywords: Fintech, Gold Loans, Financial Assistance, Technology, Transparency, Convenience, Indian Market, Interest Rates, Idle Gold Assets, User-friendly Service.