Yubi acquires credit analytics firm FinFort

CHENNAI: Credit platform Yubi has acquired 100% stake in FinFort Infotech, a digital credit analytics firm for the retail segment. FinFort offers advanced tech infrastructure and data analytics for private data to banks and NBFCs.

As part of the acquisition, FinFort will join the Yubi group of companies, collaborating with Yubi's subsidiary, Corpository. Corpository is a SaaS-based credit analytics platform for corporate lending, providing access to over 100 public information sources, including MCA, court records, tribunals, and more.

This is Yubi's third acquisition after spocto and Corpository in 2022. Gaurav Kumar, founder and CEO of Yubi, and Aniket Shah, CEO of Corpository, have joined FinFort Infotech LLP as designated partners.

"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.

FinFort's clients have experienced significant reduction of more than 50% in processing time within their digital analytics workflow and more than a 2x increase in overall productivity and turnaround time.