Yubi, a credit platform, has acquired a 100 per cent stake in FinFort Infotech, a leading digital credit analytics company for the retail segment.
As part of the acquisition deal, FinFort will join the Yubi group of companies, collaborating with Yubi’s subsidiary, Corpository.
In addition to the acquisition deal, Aniket Shah, CEO of Corpository and Gaurav Kumar, Founder and CEO of Yubi, have joined FinFort Infotech as designated partners. Their extensive experience in the credit and investment space will benefit FinFort as it continues to provide innovative solutions to its clients.
Yubi Acquires FinFort
Founded in 2020 by Gaurav Kumar, Yubi, formerly CredAvenue, operates a credit marketplace. With more than 17000 enterprises and 6200+ investors and lenders on its platform, Yubi claims to have facilitated debt volumes of over Rs 1,40,000 crore.
And with this acquisition, Yubi further solidifies its position as a key player in the credit industry while expanding its product suite and enhancing its capabilities.
Commenting on the deal, Gaurav Kumar, Founder and CEO of Yubi, said,
“We are thrilled to welcome FinFort as an integral part of the Yubi group of companies. This acquisition aligns perfectly with our mission of being the ubiquitous layer, a unified credit infrastructure that deepens the debt markets. FinFort’s deep knowledge of digital credit analytics, coupled with Corpository’s strengths, will enable us to provide comprehensive solutions and services to our customers, enhancing their credit experience. This strategic move brings us closer to building an end-to-end credit stack that fuels India’s credit landscape.”
Co-founded by Anoop Hegde and Khushal Kadakia, FinFort offers advanced tech infrastructure and data analytics for private data to banks and NBFCs.
It helps its clients in digitizing the entire lending lifecycle to achieve operational efficiency, grow their borrower base, launch new lending products easily and deliver a superior borrowing experience by providing secure and flexible technology solutions.
Corpository is a full-stack credit lifecycle SaaS platform for corporate lending, providing access to over 100+ public information sources, including MCA, court records, tribunals, and more. Through various analytical and data representation tools, Corpository aims to revolutionize the way how business information is consumed via multiple analytical & data representation tools.
Corpository platforms add significant value at each phase of the customer’s credit life cycle, right from Customer Acquisition, Credit Risk Assessment to Credit Monitoring.
In another acquisition deal this week, Capri Global Holdings (CGHL), the holding company for Capri Global Capital Limited – a prominent non-banking financial company with the brand name Capri Loans, acquired a 51 per cent stake in CarLelo, an online new car-selling platform, for Rs 150 crore.
Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.
Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.