Fintech platform CredAvenue has rebranded itself as Yubi. The brand new model captures the corporate’s long-term ambition of being ubiquitous within the debt ecosystem, an invisible infrastructure layer powering credit score globally and making certain frictionless entry to capital.
“That is an thrilling transformation and a strong basis for the continuously evolving nature of our enterprise. Yubi represents the start of our world ambitions as we put together to launch our first worldwide workplace in UAE, efficiently debuting within the MENA area. Another excuse for the model identification change stems from our conversations with prospects and different stakeholders on how technological integration due to knowledge safety considerations round monetary data stays one of many key deterrents within the development of digital finance. We goal to bridge this belief deficit, and on this effort of humanising the model, we’re assured of additional constructing our platform, which thrives on new alternatives for individuals and companies alike,” mentioned Gaurav Kumar, founder and CEO of Yubi.
The brand new model will replicate in each buyer touchpoint by means of an overhaul that spans its web site, social media handles and present product traces. Yubi will ship a richer, extra constant model expertise.
With two main acquisitions (Spocto and Corpository) prior to now six months, the corporate is rising quickly. Based in August 2020, it is likely one of the fastest-growing fintech platforms in India because it joined the unicorn membership with its Collection B fundraise in March this 12 months, catapulting its valuation to USD 1.3 billion. Going ahead, Yubi might even evolve past credit score in the long run.
The firm caters to each requirement of debtors and buyers by means of 5 rechristened platforms with a possible launch of YubiBuild, the yet-to-be-launched actual property and infrastructure vertical of the corporate:
1. YubiLoans: India’s largest company mortgage market for enterprises and banks, providing a seamless digital expertise that accelerates the mortgage course of from origination to disbursal 5 instances sooner.
2. YubiCo.Lend: Largest co-lending platform in India, trusted by the lending ecosystem to find, go reside and collaborate with a number of companions with fast one-time API integration.
3. YubiInvest: India’s main Mounted Earnings Funding platform for bond issuance and funding for institutional and retail buyers.
4. YubiFlow: A completely built-in & easy-to-use provide chain finance platform that gives commerce financing options to lenders and corporates to strengthen their channel associate ecosystem.
5. YubiPools: Finish-to-end securitisation administration system for Banks & NBFCs that brings unparalleled efficiencies and a data-driven strategy to ABS deal-making.
“We wish to set up ourselves as an enabler establishment to win the belief of the bigger enterprise neighborhood. As we expanded our product choices, organically and inorganically, we understood the necessity for a easy model structure that displays our long-term imaginative and prescient. With Yubi, we’re reiterating our model rules of exercising the liberty to collaborate whereas showcasing the utmost transparency and equitability. We stand agency on our model promise as we proceed the journey of strengthening and unlocking the true energy of credit score in India and past,” mentioned Karanpreet Bindra, Chief Advertising and marketing Officer of Yubi.
