In a significant move to strengthen its position in the credit industry With this acquisition, Yubi aims to leverage FinFort’s cutting-edge technology infrastructure and data analytics expertise to further enhance its offerings to banks and non-banking financial companies (NBFCs).
FinFort Infotech is well-known for its advanced technological solutions and data analytics capabilities, providing valuable insights derived from private data to banks and NBFCs. By joining forces with FinFort, Yubi aims to enhance its analytics capabilities and expand its range of services to better cater to the needs of its diverse clientele.
As part of the acquisition, FinFort will become a part of the group of companies and will collaborate closely with the company’s subsidiary, Corpository. Corpository is a leading software-as-a-service (SaaS) based credit analytics platform specializing in corporate lending. It grants users access to a vast array of information sources, including over 100 public data sources such as MCA (Ministry of Corporate Affairs) records, court records, tribunals, and more.
This latest acquisition marks the third successful venture for the company, following the previous acquisitions of spocto and Corpository in 2022. The addition of FinFort to its portfolio signifies Yubi’s commitment to expanding its market presence and consolidating its position as a frontrunner in the credit industry.
Gaurav Kumar, the visionary founder and CEO of Yubi, along with Aniket Shah, the CEO of Corpository, have both joined FinFort Infotech LLP as designated partners. Their involvement will ensure a seamless integration of FinFort into the Yubi ecosystem and capitalize on the synergies between the two organizations.
“We are thrilled to welcome FinFort into the Yubi family. Their deep expertise in digital credit analytics, combined with the strengths of Corpository, will enable us to deliver comprehensive solutions and services to our esteemed customers, thereby enhancing their credit experience,” commented Gaurav Kumar. He further emphasized the strategic nature of this acquisition, stating, “This move brings us closer to our vision of building an end-to-end credit stack that fuels India’s credit landscape.”
The collaboration between Yubi, Corpository, and FinFort is expected to yield significant benefits for all stakeholders involved. The integration of FinFort’s state-of-the-art technology and analytics capabilities with Yubi’s existing infrastructure will result in a robust credit platform that can cater to a wide range of customer requirements. By combining their resources, the companies aim to provide holistic and tailored credit solutions that empower financial institutions and facilitate seamless credit access for individuals and businesses.
Yubi’s acquisition of FinFort Infotech marks an important milestone in the evolution of the credit industry in India. With the backing of Yubi’s established brand and its growing suite of credit solutions, FinFort is poised to expand its reach and unlock new avenues of growth.
The collaboration between Yubi, Corpository, and FinFort is expected to yield substantial benefits for all parties involved. By integrating FinFort’s cutting-edge technology and analytics capabilities with Yubi’s existing infrastructure, the companies aim to create a robust credit platform that can cater to a wide range of customer requirements. This collaboration will enable them to provide holistic and tailored credit solutions, empowering financial institutions and facilitating seamless credit access for individuals and businesses.
Yubi’s acquisition of FinFort Infotech signifies a significant milestone in the development of the credit industry in India. With the backing of Yubi’s established brand and its expanding suite of credit solutions, FinFort is poised for growth and the exploration of new opportunities.
As the Indian credit landscape continues to evolve rapidly, Yubi remains at the forefront of innovation, actively seeking strategic partnerships and acquisitions to strengthen its capabilities. With its unwavering focus on delivering comprehensive and customer-centric credit solutions, the company is well-positioned to drive positive change and empower individuals and businesses in their pursuit of financial growth and success. This acquisition marks another step forward in the company’s journey to revolutionize the credit industry and provide enhanced services to its valued customers.
As the Indian credit landscape continues to evolve rapidly, Yubi remains at the forefront of innovation, continuously seeking strategic partnerships and acquisitions to bolster its capabilities. With a clear focus on delivering comprehensive and customer-centric credit solutions, Yubi is well-positioned to drive positive change and empower individuals and businesses in their pursuit of financial growth and success.
