Yubi takes over credit analytics firm FinFort
The credit marketplace, Yubi has taken over Bengaluru-based credit analytics company FinFort Infotech LLP.
The transactional details were not revealed.
Chennai-based Yubi said that the acquired company offers technology infrastructure and data analytics for private data to banks and NBFCs and the acquisition will help the company to expand its product suite and enhance its capabilities.
FinFort will be a part of Yubi group of companies, collaborating with Yubi’s subsidiary, Corpository, a SaaS-based credit analytics platform for corporate lending.
Gaurav Kumar, Founder & CEO of Yubi and Corpository CEO Aniket Shah joined FinFort Infotech LLP as designated partners. FinFort is Yubi’s third acquisition. It had also acquired debt collections technology platform Spocto and Corpository in 2022.
Yubi is an online debt marketplace that connects borrowers and lenders for various credit products including corporate lending, supply chain financing, real estate & infrastructure financing, co-lending, securitisation, and fixed-income securities.
It has so far facilitated debt financing to the tune of ₹1.40-lakh crore with over 17,000 enterprises, and more than 6,200 investors and lenders on its platform.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.