Introduction:
Taking on debt is regarded as one of the top financial techniques that produces profits. Because it maintains the economy’s direction, it is also the most significant marketplace of our day. Additionally, by freeing up stationary retail investments like gold, the loan market enhances resource usage.
One of the top debt markets in India today is Yubi, which was formerly known as CredAvenue and was founded in 2020. Vineet Sukumar and Gaurav Kumar launched the business in Chennai.
Yubi Company Highlights
| Company Name | Yubi |
| Headquarter | Chennai, India |
| Industry | Investment and Credit Platform |
| Founded | 2020 |
| Founder | Gaurav Kumar and Vineet |
| Website | https://www.go-yubi.com/ |
Yubi About
The world’s first possibility platform, Yubi (previously known as “CredAvenue“), powers credit discovery, investment, and fulfillment. Yubi is transforming the international debt markets by making it easier for investors, lenders, and borrowers to transfer money. Yubi stands for ubiquitous, which denotes that they are accessible to their clientele whenever they need them. When the firm was initially founded, it was known as CredAvenue. Its primary function was to operate as the first point of contact for foreign investors and as a one-stop shop for all Indian debt market participants. It gives investors a thorough platform that enables them to quickly find, evaluate, and carry out transactions.
With over 2.3k corporates, the firm says it has assisted over 3000 enterprises. The Yubi product suite is contributing to the empowerment of small, medium, and large businesses while also creating a robust loan book for the larger banking sector. Bonds, financial markets, business loans, supply chain financing, securitization, fixed-income instruments, and capital are among Yubi’s primary business areas of focus. It was among the first members of the Unicorn Club in 2022.
Yubi Industry
India is now recognized as the country with the world’s fastest-growing FinTech markets. According to reports, the entire Indian fintech market was valued at $50 billion in 2021; by 2025, that value is expected to rise to $150 billion.
Yubi Founder and Team
Gaurav Kumar launched Yubi in August 2020. They now have offices in Delhi, Bengaluru, Mumbai, Chennai, and Bengaluru. Gaurav Kumar is the CEO of Yubi at the moment. Vivitri Capital is Yubi’s parent firm. In addition to starting Yubi, Vineet is a co-founder of Vivriti Capital, the first tech-enabled marketplace in India that unites investors from small and medium-sized businesses with private citizens.
Yubi Startup Story
The world’s first possibility platform, Yubi (formerly CredAvenue), is located in Chennai and powers credit discovery, investment, and fulfillment. By making it easier for lenders, investors, and borrowers to transfer money, they are changing the nature of the international debt markets. The new brand embodies the company’s long-term objective of being a ubiquitous component of the debt ecosystem, an invisible layer of infrastructure that facilitates credit availability worldwide and ensures frictionless access to capital. In August 2020, Gaurav Kumar introduced Yubi. Currently, they have offices in Bengaluru, Mumbai, Chennai, Delhi, and Bengaluru. In addition to acquiring a majority share in Corpository, Yubi also bought a 75.1 percent stake in Spocto, the industry leader in digital collections (A full-stack corporate credit underwriting company).
Yubi Mission and Vision
CredAvenue changed its name to “Yubi” in June 2022 to better represent its new long-term goal of being a ubiquitous component of the lending ecosystem. Its goal is to boost the Indian lending industry and enable companies that lack the capital to reach their full potential. In order to handle various capital requirements such as bonds, co-lending, loans, etc., CredAvenue was established. However, with its new structure, “Yubi” hopes to expand and take over the global debt market by serving as its clients’ one-stop shop. Yubi’s objective is to expand and strengthen the $120 trillion global corporate loan market in order to generate enormous economic value and unlock a GDP multiplier.
Yubi Name, Tagline, and Logo
In the latter months of 2022, CredAvenue was renamed as Yubi. The name ‘Yubi‘ is derived from the phrase ‘ubiquitous‘, which firmly represents its mission of being everywhere in the debt market globe. The Japanese term for elegant is yubi.
“Go Get Great” is Yubi’s slogan.
Yubi Business Model
Through the internet marketplace, Yubi connects investors and lenders with borrowers to provide debt financing for businesses. With 750 lenders, it has aided more than 2000 businesses. Yubi has six distinct locations for its offices. Yubi makes money by providing these one-stop shops for all of the aforementioned financial requirements. Yubi’s main revenue stream, according to reports, is platform fees from loan facilitation, which make up about 92.5 percent of the company’s overall operational income.
Yubi Revenue Model
When Yubi reached a $1.3 billion value and became a member of the unicorn club in March 2022, it was evident how far the company had come. Since its founding, Yubi has been developing fresh approaches to enhance its current offerings. Compared to the previous year’s sales of Rs 29.93 crore, the company’s operational revenue in the fiscal year 2022 exceeded Rs 153 crore, indicating an outstanding performance.
Yubi Products and Services
The Chennai-based company provides the following six products, each of which is intended to meet a distinct need:
- Yubi Pools – This platform is for securitization and portfolio monitoring.
- Yubi Co.lend – This product is created for banks and NBFCs to partner in co-lending and offer joint loans to borrowers.
- Yubi Loans – This digitized platform offers a seamless experience to speed up the loan process.
- Yubi Flow – This platform is meant for an end-to-end supply chain for trading finance solutions.
- Yubi Invest – This platform is India’s leading fixed-income platform and offers solutions for all fixed-income investment requirements. Some of the products under this platform are market-linked debts, non-convertible debts, commercial papers, and perpetual bonds.
- Yubi Build – This platform is meant for Real Estate and Infrastructure Financing.
Yubi Funding and Investors
$226.7 million in investments have been made to Yubi in two rounds. On March 6, 2022, it received its most recent round of investment in the form of a Series B round. There are nine investors supporting the business. Insight Partners and B Capital Group are the most recent investors. Other well-known investors include Stride Ventures, TVS Capital Funds, Light Rock, CRED, and others.
| Date | Funding Round | Fund Amount | Investor |
| March 6, 2022 | SERIES B | $137 million | B Capital Group, Dragoneer Investment Group, Insight Partners |
| September 29, 2021 | SERIES A | ₹6.7 billion | Sequoia Capital India |
Yubi Employees
501–1,000 people work at Yubi in India.
Yubi Challenges Faced
It was difficult to establish confidence in the new credit environment. The first challenges were informing clients about the marketplace concept and getting over regulatory barriers. Nevertheless, Yubi persisted in its innovative field.
Yubi Acquisitions
Yubi has acquired two companies. Their latest acquisition, Corpository, which they paid ₹1 billion for, was made on April 26, 2022. On February 14, 2022, Yubi would purchase SPOCTO for a sum of Rs 400 crore. When Yubi obtained $30 million in their debt financing round in February 2022, they made an investment in the “Infra. Market.“
Yubi Growth
There are no details of it.
Yubi Partners
Recently, Yubi established a partnership with U Gro Capital, an MSME financing platform listed on the BSE. As a result of this partnership, Yubi’s products—Yubi Co.Lend and Yubi flow—will be integrated with U Gro Capital’s GRO-Xstream and GRO-Line. Yubi claims that by using its full-stack operating system on U Gro Capital’s platform, this relationship would help them achieve greater outcomes. Additionally, both businesses think that by working together, they would be able to access a large range of banks, financial institutions, and fintech via API (Application Programming Interface).
Yubi – Competitors:
Rivals of Yubi include Rulai, Snips, Landbot, Druid, Passage AI, AirOps, and so on.
Yubi – Awards and Achievements:
The first platform in the world to provide credit fulfillment, investment, and discovery is called Yubi.
Yubi – Future Plan:
In an effort to grow its business in Dubai, Yubi opened its first international location. It wants to be present everywhere in the financial sector. In addition, the company intends to broaden its range of products and works to create a platform that will assist new clients and companies.
FAQs:
What does Yubi do?
The first possibility platform in the world, Yubi, powers credit fulfillment, investment, and discovery. By facilitating the movement of funds between borrowers, lenders, and investors, they are revolutionizing the global debt markets.
When was Yubi founded?
In 2020, it was established.
Who is the founder of Yubi Corporation?
The Yubi was founded by Vineet and Gaurav Kumar.
Who is the CEO of Yubi Corporation?
The CEO is Gaurav Kumar.
Who are the main competitors of Yubi?
Rivals of Yubi include Rulai, Snips, Landbot, Druid, Passage AI, AirOps, and so on.
Conclusion:
In summary, Yubi—formerly CredAvenue—has become a trailblazing player in India’s loan sector, exhibiting significant expansion, and is on track to becoming a unicorn by 2022. With a strong business plan, a wide range of products, and key alliances, Yubi hopes to transform the loan ecosystem while expanding globally.
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