Yubi Valuation touches $1.5 Bn after secondary transaction

Yubi, a digital lending platform, has seen its valuation touch $1.5 billion after a secondary transaction.

The transaction saw some of the company's existing shareholders sell their shares to new investors.

This is a significant increase from Yubi's valuation of $1.2 billion in March 2022.

The secondary transaction was led by Insight Partners, a global venture capital firm. Other investors in the transaction included Dragoneer Investment Group and B Capital Group.

The proceeds from the secondary transaction will be used by Yubi to grow its business and expand its product offerings. The company is also looking to make acquisitions in the near future.

Yubi is a leading digital lending platform in India. The company provides loans to small businesses and individuals. Yubi's platform is based on artificial intelligence and machine learning, which allows the company to assess risk and approve loans more quickly.

The company has seen strong growth in recent years. In 2022, Yubi's loan book grew by 250%. The company is now looking to expand its operations to other countries in Southeast Asia.

The secondary transaction is a significant endorsement of Yubi's business model and growth potential. The company is well-positioned to continue its growth in the years to come.

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