Yubi Partners with U GRO Capital for Co-Lending and Supply Chain Finance

Chennai-based debt market Yubi has announced its latest partnership with U GRO Capital, a next-generation Loan-as-a-Service (LaaS) company that leverages technology to provide last-mile credit to MSMEs from the country. The partnership will see the integration of Yubi Co.Lend and Yubi Flow with the GRO–Xstream and GRO–Line platforms, respectively. Through this dual partnership, U GRO Capital will be able to leverage Yubi’s comprehensive operating system to seamlessly discover, upload and collaborate with multiple partners on Yubi’s platform.

Through this alliance, U GRO Capital will gain access to Yubi Co.Lend’s vast network of banks, financial institutions and fintechs through a unique Application Programming Interface (API) integration to expand and accelerate credit to underserved sectors nationwide. . A joint mission of Yubi and U GRO Capital is to solve the financial challenges faced by MSMEs by developing deep sector expertise combined with a data-centric and technology-enabled approach. Through Yubi Flow, U GRO Capital will be able to fund the credit pipeline to channel anchor company partners. These are essentially MSMEs whose cash flow and working capital will be positively impacted.

Discussing the partnership, Gaurav Kumar, Founder and CEO of Yubi, said, “At Yubi, we are working to accelerate financial inclusion in the country through a technology-driven credit infrastructure that powers discovery, execution and realization. We are delighted to partner with U GRO Capital with a shared vision to bridge the credit gap of MSMEs in India by providing access to credit to unserved and underserved sectors in the country.

Commenting on the development, Shachindra Nath, Vice President and Managing Director of U GRO Capital, said: “Thanks to our data-tech approach, we have been able to launch co-lending partnerships with the largest national banks. What started as an experiment, co-loaning, has grown and gained industry-wide acceptance. The scale of big banks, combined with the agility and reach of agile partnerships, will be the foundation for the transition of the lending industry. With Yubi’s technology-based credit infrastructure, we will be able to accelerate our initiatives to achieve our mission of “solving unsolved problems” for MSMEs. »

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