Yubi raises ₹411 crore for global expansion and AI push

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Yubi raises ₹411 crore for global expansion and AI push

In a significant development, Yubi, a leading fintech company, has announced that it has raised ₹411 crore in funding to drive its global expansion plans and strengthen its artificial intelligence (AI) capabilities. The funding round saw a mix of structured debt from EvolutionX Debt Capital and a ₹75-crore equity infusion from founder Gaurav Kumar. This investment will play a crucial role in propelling Yubi’s growth trajectory, both in terms of geographic expansion and technological advancements.

The funds raised will be utilized to fuel Yubi’s entry into new markets, including South-East Asia, the US, and the Middle East. This expansion will enable the company to tap into the vast and diverse customer base in these regions, offering its innovative financial solutions to a broader audience. Yubi’s foray into these markets is expected to be a significant catalyst for its growth, as it looks to establish itself as a major player in the global fintech landscape.

In addition to its geographic expansion, Yubi will also focus on strengthening its AI-powered credit infrastructure. The company has been at the forefront of leveraging AI and machine learning (ML) to develop cutting-edge credit assessment models, which have enabled it to provide seamless and efficient lending experiences to its customers. With the new funding, Yubi plans to further enhance its AI capabilities, allowing it to better understand customer behavior, preferences, and creditworthiness. This will not only improve the overall lending experience but also reduce the risk of defaults and non-performing assets.

Furthermore, the funds will be used to scale Yubi’s global debt marketplace operations. The company has established itself as a leading platform for debt financing, connecting borrowers with lenders and providing a transparent and efficient marketplace for debt instruments. With the new investment, Yubi aims to expand its debt marketplace offerings, providing a wider range of financial products and services to its customers. This will enable the company to cater to the diverse needs of its clients, ranging from small and medium-sized enterprises (SMEs) to large corporations and institutional investors.

The equity infusion from founder Gaurav Kumar is a significant endorsement of Yubi’s vision and growth potential. Kumar’s investment demonstrates his confidence in the company’s ability to execute its plans and achieve its goals. The structured debt from EvolutionX Debt Capital, on the other hand, provides Yubi with the necessary funding to drive its expansion plans, while also ensuring that the company maintains a healthy balance sheet and manages its debt obligations effectively.

Yubi’s funding round is a testament to the growing interest in India’s fintech sector, which has been attracting significant investments from venture capital firms, private equity players, and strategic investors. The sector has witnessed a surge in funding over the past few years, with several companies raising large amounts of capital to drive their growth and expansion plans. Yubi’s funding round is one of the largest in the sector, and it highlights the company’s potential to become a leading player in the global fintech market.

In conclusion, Yubi’s ₹411 crore funding round is a significant milestone for the company, marking an important step in its journey to become a global fintech leader. The funds raised will drive Yubi’s expansion into new markets, strengthen its AI-powered credit infrastructure, and scale its global debt marketplace operations. With its innovative financial solutions, cutting-edge technology, and experienced management team, Yubi is well-positioned to achieve its growth objectives and make a meaningful impact in the global fintech sector.