Yubi, formerly known as CredAvenue, is poised to raise a significant $150 Mn to $200 Mn in the first quarter of 2025. This upcoming funding round aims to support its expansion into the MENA (Middle East and North Africa) region and facilitate potential acquisitions, marking a pivotal moment in the company’s growth trajectory.
| Table of Contents |
|---|
| Financial Performance |
| Business Model & Offerings |
| Growth & Impact |
| Funding History & Future Plans |
| Conclusion |
Financial Performance
Yubi has shown commendable financial improvement, reducing its net loss by over 22% to INR 395.8 Cr in the financial year 2023-24, compared to INR 509.8 Cr in the previous fiscal year. This enhancement was significantly bolstered by a remarkable 47% growth in revenue from operations, reaching INR 483.7 Cr during the same period, positioning Yubi favorably in the competitive lending market.
Business Model & Offerings
Founded in 2017 as CredAvenue, Yubi has evolved into a comprehensive debt platform connecting enterprises with lenders and investors. The startup provides various technological infrastructure, including risk evaluation tools and collections platforms, to streamline the debt lifecycle from lenders to borrowers, thus enhancing efficiency and transparency in the lending ecosystem.
Growth & Impact
To date, Yubi claims to have facilitated over INR 1.4 Lakh Cr in debt volumes, catering to more than 17,000 enterprises and 6,200 investors and lenders. The company’s impressive growth trajectory is further bolstered by the support of reputable investors such as Peak XV, LightSpeed, Lightrock, TVS Capital, B Capital Group, Dragoneer Investment Group, and Insight Partners. This backing not only reflects investor confidence but also underscores Yubi’s role as a disruptor in the digital lending space.
Funding History & Future Plans
Yubi has successfully raised approximately $256.80 Mn in total funding to date. The upcoming funding round, projected for early 2025, is anticipated to further propel Yubi’s strategies to penetrate the MENA region and support potential acquisitions, crucial steps in enhancing its market presence and operational capabilities.
Conclusion
Yubi’s planned funding expansion demonstrates its ambitious growth strategy and determination to expand its footprint within the MENA territory. With robust financial performance and a clear value proposition, Yubi is poised to emerge as a key player in the digital lending landscape, driving innovation and efficiency across regions.
FAQs
- What is Yubi? Yubi is a digital lending unicorn that connects enterprises with lenders and investors, formerly known as CredAvenue.
- What are Yubi’s recent financial improvements? Yubi managed a reduction in net loss by 22% and experienced a revenue increase of 47% in the fiscal year 2023-24.
- What is the purpose of the upcoming funding? The funding aims to facilitate Yubi’s expansion into the MENA region and to support potential acquisitions to enhance its growth.
