Yubi has raised Rs 411 crore (US$46.4 million) in fresh capital to accelerate its international expansion and strengthen its artificial intelligence driven credit products.
According to a report by YourStory, the Chennai-based fintech secured the funding through a mix of long term structured debt and founder equity.
A large share of the capital comes from EvolutionX Debt Capital, which is providing up to Rs 336 crore (US$37.9 million).
Founder and CEO Gaurav Kumar is contributing Rs 75 crore (US$8.5 million), bringing his total personal investment to more than Rs 330 crore (US$37.2 million).
Yubi plans to channel the funding into expanding across Southeast Asia, the United States and the Middle East.
It will also direct investment toward upgrades to its debt marketplace, collections infrastructure and AI capabilities.
Yubi reports that it has facilitated over Rs 3.2 lakh crore (US$36.2 billion) in financing, connecting around 17,000 enterprises with nearly 6,200 lenders and investors.
It also said its technology enables a 57 percent reduction in collections related costs.
Yubi’s investors include Peak XV, Lightspeed, Lightrock, TVS Capital Funds, B Capital Group, Dragoneer Investment Group and Insight Partners.
The company offers a suite of products covering the full debt lifecycle, from origination and underwriting to monitoring and collections.
For FY25, Yubi recorded a net loss of Rs 416.1 crore (US$47 million), a five percent increase from the previous year.
Operating revenue rose 36 percent to Rs 660.1 crore (US$74.6 million), while adjusted EBITDA loss narrowed to Rs 69 crore (US$7.8 million) from Rs 155 crore (US$17.5 million) in FY24.
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik
