In a significant move signalling its global ambitions, Chennai-based fintech unicorn Yubi has raised approximately INR 411 crore (around US$46.4 million) in its latest funding round. The raise is a mix of debt and equity capital: roughly INR 336 crore in debt financing from EvolutionX Debt Capital, and about INR 75 crore via equity infusion by its founder and CEO, Gaurav Kumar.
What Yubi does and how it got here
Yubi was founded in 2020 (initially as CredAvenue) with a mission to modernise the debt-finance lifecycle for enterprises, lenders and investors. It offers a unified digital platform that covers everything from connecting businesses with lenders, credit underwriting, bond issuances
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