Yubi, a credit marketplace, has acquired a 100% stake in Bengaluru-based credit analysis firm FinFort Infotech LLP. Financial details of the transaction were not disclosed.
In a press release, Chennai-based fintech unicorn Yubi said FinFort provides the technology infrastructure and data analytics for private data to banks and NBFCs and that the acquisition will enable The company expands its product range and enhances its capabilities.
As part of the current acquisition, FinFort will join the Yubi group of companies, partnering with Yubi subsidiary Corpository, a SaaS-based credit analysis platform for corporate lending. .
Founder & CEO Yubi Gaurav Kumar and Aniket Shah, CEO of Corpository, have joined FinFort Infotech LLP as designated partners. FinFort is the third acquisition by Yubi, which acquired debt collection technology platforms Spocto and Corpository in 2022.
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Yubi is an online debt marketplace that connects borrowers and lenders for various credit products including corporate lending, supply chain financing, real estate and infrastructure financing, lending contracts, securitizations and fixed income securities.
To date, it has facilitated debt lending at 1.40 lakh crore to more than 17,000 businesses and over 6,200 investors and lenders on its platform.
