Yubi Acquires FinFort Infotech, Expanding its Digital Credit Analytics Capabilities in Retail Sector
- ByStartupStory | May 25, 2023
Yubi, a prominent platform, has successfully obtained full ownership of FinFort Infotech, a leading digital credit analytics company specializing in the retail sector. FinFort provides state-of-the-art technological infrastructure and data analytics services for confidential information to banks and NBFCs.
In a strategic acquisition move, FinFort will become an integral part of the Yubi group, aligning with Yubi’s subsidiary, Corpository. This collaboration brings together FinFort’s expertise in digital credit analytics for the retail sector and Corpository’s SaaS-based credit analytics platform for corporate lending. Corpository offers access to a vast array of over 100 public information sources, such as MCA, court records, tribunals, and more.
Adding to its string of successful acquisitions, Yubi has made its third strategic move in 2022 with the inclusion of spocto and Corpository. Gaurav Kumar, the founder and CEO of Yubi, and Aniket Shah, the CEO of Corpository, have now taken on the roles of designated partners at FinFort Infotech LLP.
“FinFort’s deep knowledge of digital credit analytics, coupled with Corpository’s strengths, will enable us to provide comprehensive solutions and services to our customers, enhancing their credit experience. This strategic move brings us closer to building an end-to-end credit stack that fuels India’s credit landscape,” Yubi’s Kumar said.
The clients of FinFort have witnessed remarkable improvements in their digital analytics workflow, including a notable reduction of over 50% in processing time. Additionally, they have experienced a remarkable boost of more than 2 times in overall productivity and turnaround time.
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