Yubi has raised Rs 411 crore (US$46.4 million) in recent capital to speed up its worldwide enlargement and strengthen its synthetic intelligence pushed credit score merchandise.
In line with a report by YourStory, the Chennai-based fintech secured the funding by means of a mixture of long run structured debt and founder fairness.
A big share of the capital comes from EvolutionX Debt Capital, which is offering as much as Rs 336 crore (US$37.9 million).
Founder and CEO Gaurav Kumar is contributing Rs 75 crore (US$8.5 million), bringing his complete private funding to greater than Rs 330 crore (US$37.2 million).
Yubi plans to channel the funding into increasing throughout Southeast Asia, america and the Center East.
It is going to additionally direct funding towards upgrades to its debt market, collections infrastructure and AI capabilities.
Yubi experiences that it has facilitated over Rs 3.2 lakh crore (US$36.2 billion) in financing, connecting round 17,000 enterprises with almost 6,200 lenders and traders.
It additionally stated its expertise permits a 57 p.c discount in collections associated prices.
Yubi’s traders embrace Peak XV, Lightspeed, Lightrock, TVS Capital Funds, B Capital Group, Dragoneer Funding Group and Perception Companions.
The corporate affords a collection of merchandise masking the complete debt lifecycle, from origination and underwriting to monitoring and collections.
For FY25, Yubi recorded a web lack of Rs 416.1 crore (US$47 million), a 5 p.c improve from the earlier 12 months.
Working income rose 36 p.c to Rs 660.1 crore (US$74.6 million), whereas adjusted EBITDA loss narrowed to Rs 69 crore (US$7.8 million) from Rs 155 crore (US$17.5 million) in FY24.
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by Frolopiaton Palm through Freepik