British International Investment

Wortgage Technologies Private Limited

South AsiaFinancial services

WeRize is building a financial services platform. Its focused on providing a service for blue and grey-collar, low-middle income consumers residing in outlying districts and smaller cities in India, who are typically underserved by financial institutions.

Our investment

Description of the investment.

This investment is part of our 'VC Scale-up' strategy to support the growth of the most impactful companies in our venture capital funds portfolio. Our investment is focused on increasing credit access for underbanked, low-income families residing in urban outskirts in India. The investment will enable WeRize to expand across India and to grow customer reach.

Impact information

Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.


  • Improve financial inclusion, financial management and resilience via access to credit (SDG 8.10, SDG 10.2).
  • Provide enhanced economic opportunities (SDG 8.5).


  • Our investment will enable business growth at WeRize. WeRize will reach more customers through loans and insurance products.
  • Our investment will create additional employment opportunities for freelancer agents who generate customer leads, collect customer data and distribute products for WeRize.


Stakeholder Geography Characteristics


Underbanked, low-income families who are new to credit. We estimate that more than 60 per cent of WeRize customers live under the poverty threshold of $6.85ppp.

Employees – freelancer agents

Local financial experts with full time jobs, e.g. as bank employees, post office savings agents, seeking to earn supplemental income.

How much?

Scale Depth/Duration

By 2024, WeRize will reach 2 million customers with loans and insurance products.

By 2024, WeRize will create employment for 70,000 freelancer agents.

We expect the benefits of accessing credit to be transformational for customers given that they often rely on high interest payday loans and have to pawn assets to pay back debt.

We expect that freelancer agents will experience positive impact on their financial management given the ability to supplement their wages through WeRize.


  • Financial additionality: The commercial market does not offer capital in sufficient quantities to meet the company's need.


Execution Risk
  • Linked to the ability of WeRize to maintain unique product offerings in a highly competitive fintech space in India and to rapidly scale the business.
Alignment Risk
  • Linked to the risk that WeRize could shift customer focus to higher-income households in tier 1 cities. This risk is mitigated by the business strategy that is suitable for the target market - we are confident that the founders are aligned with us on serving the underbanked, low-income market segment.
Unexpected Impact Risk
  • Related to the need for customer protection principles around collection and issuance of loans. This is mitigated by the adherence of WeRize to the RBI customer protection principles, its internal code and guidelines on collection principles.

Impact score

Impact score (at point of investment)

The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. You can find out more here.

The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party.


Environmental and social information

  • Environmental and social summary

    A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.

  • Environmental and social risk

    A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.

Environmental and social summary

We partnered with our fund manager to co-invest in this company, including by relying on our fund manager's ESDD. BII developed an environmental and social action plan with the investee, including mitigation measures focused on labour and working conditions, and client protection.

Environmental and social risk


Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    March 2024
    Project number

    An identifier number shared by investments in the same project.


    The current status of the investment (green flag for active and red flag for exited).


    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    South Asia

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Start date :
    June 2022
    Amount :
    Currency of investment :

    The company or investment fund’s place of incorporation.


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