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Yubi, a fintech unicorn, receives Rs 250 crore funding from its founder and CEO Gaurav Kumar.
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The company aims to deepen the debt market and democratize capital flow, serving over 17,000 enterprises and 6,200 investors and lenders.
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Yubi has facilitated over Rs 140,000 crore debt since its inception and plans to expand its services, including cross-border trade financing.
Yubi, a leading fintech unicorn, has received a fresh capital infusion of Rs 250 crore from its founder and CEO Gaurav Kumar. This funding will help the company further its mission to transform the financial landscape and foster inclusivity.
Yubi, formerly known as CredAvenue, is an end-to-end debt platform that connects enterprises with lenders and investors. Since its inception in 2017, the company has facilitated over Rs 140,000 crore debt, serving over 17,000 enterprises and 6,200 investors and lenders. With this funding, Yubi plans to expand its services, including cross-border trade financing, and deepen the debt market.
Gaurav Kumar, a seasoned entrepreneur and investor, co-founded Yubi and has led the company to achieve unicorn status. The company has received backing from prominent investors, including Peak XV, Lightspeed Ventures, and TVS Capital. With this funding, Yubi is poised to continue its growth trajectory and make a significant impact on the financial landscape.