Yubi: Leading Fintech with 36% Growth in FY25

Fintech company Yubi, previously known as CredAvenue, achieved remarkable growth, posting a 36% year-on-year increase in operating revenue during FY25. This Chennai-based company also made strides in profitability metrics, notably reducing its adjusted EBITDA losses by 55% for the fiscal year concluding in March 2025. Data from Yubi’s consolidated annual financial statements sourced from the Registrar of Companies (RoC) reveals that the revenue from operations surged to Rs 660 crore in FY25, climbing from Rs 484 crore in FY24.

Yubi’s Role in the Debt Marketplace

Yubi operates as a comprehensive debt marketplace and infrastructure platform, effectively linking enterprises with banks and non-banking financial companies (NBFCs) for various debt products such as term loans and working capital solutions. The primary revenue generator for the company comes from transaction fees associated with successful loan closures, which accounted for 48% of the overall operating revenue and increased by 55% to Rs 318 crore in FY25.

Diverse Revenue Streams

Additional sources of income for Yubi included platform services, contributing Rs 98 crore; collection services, bringing in Rs 181 crore; and corporate database services, which added Rs 66 crore to the total. Furthermore, the company earned Rs 53 crore from bank deposits and interest income, elevating its total income to Rs 713 crore in FY25, an increase from Rs 562 crore in FY24.

Expenses and Financial Metrics

Regarding expenditure, employee benefits represented the largest cost component, comprising approximately 40% of total expenses, and rose to Rs 439 crore in FY25. This figure includes a non-cash ESOP expense of Rs 160 crore. Yubi’s information technology expenditures and sales & marketing costs were recorded at Rs 103 crore and Rs 32 crore, respectively.

Increased Total Expenditure

The overall expenditure for Yubi increased to Rs 1,116 crore in FY25, a rise compared to Rs 939 crore in FY24. Consequently, the company reported a net loss of Rs 416 crore for the reported fiscal year. However, by excluding non-cash items like ESOP costs, depreciation, and losses from net fair value changes, its adjusted EBITDA demonstrated a 55% improvement, narrowing to Rs 68.83 crore in FY25, down from Rs 155 crore in FY24.

Operational Achievements and Future Plans

Operationally, Yubi reports that its lending platform supports approximately 80,000 loan transactions each day. The company experienced a 200% growth in its MENA region operations during the year and is now eyeing expansion into Southeast Asia, in addition to preparations for entering the U.S. market in the upcoming year.

Funding and Investment

To date, Yubi has secured over $250 million in funding, including a significant $135 million Series B round, which has allowed it to achieve unicorn status. The company proudly counts Vivitri Capital, Peak XV Partners, TVS Capital, Lightspeed, B Capital, Lightrock, Insight Luxembourg, and various other investors among its supporters.