Yubi raises fresh funding from EvolutionX Debt Capital, founder
18 Nov 2025, 01:46 PMOf the total funding, Gaurav Kumar, founder and CEO, Yubi, invested Rs 75 crore in his personal capacity.
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Fintech debt marketplace Yubi, formerly known as CredAvenue, has raised Rs 411 crore in a new funding round n a mix of debt and equity.
The funding was raised from EvolutionX Debt Capital, a debt financing platform launched by DBS and Temasek.
Of the total funding, Gaurav Kumar, founder and CEO, Yubi, invested Rs 75 crore in his personal capacity.
The company will use the fresh capital to expand its presence in the Southeast Asia, the US and the Middle East. A portion of the capital will also be deployed to boost it AI capabilities.
The startup, incubated within Vivriti, a non-banking financial company (NBFC), was launched in 2020 by Kumar. Yubi is an AI-powered operating system for financial services. Its core AI suite, YuVerse, powers Yubi, Accumn, Spocto X, and YuCollect, offer lending, underwriting, and collections solutions. The company claims to have facilitated more than Rs 3.2 lakh crore in debt and enabled over 48 lakh transactions, working with more than 17,000 enterprises and over 6,200 lenders and investors.
Prior to this round, Yubi raised a $135 million Series B round that brought it to unicorn status. To date, the company has raised over $296 million. Its investors include Vivitri Capital, Peak XV Partners, TVS Capital, Lightspeed, B Capital, Lightrock, and Insight Luxembourg, among others.
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