Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

Quick summary:

1. Using its proprietary Social Shopify of Finance tech platform, WeRize said it has enabled thousands of financially literate and digitally savvy freelancers to sell its financial products in their social circle; solving the need for high-touch in these geographies and reducing their marketing costs substantially.

2. While several other companies such as LIC have used freelancers to sell financial services, WeRize is the only Indian platform that has been able to build freelancer distribution without any of its own employees on the ground to manage these freelancers.

3. The two-and-a-half-year-old platform which offers savings, lending and insurance products, said it aims to become the leading financial services company for small cities in India

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