EXECUTIVE SUMMARY

• Yubi Group elevates key leaders, including Bharat Krishnamurthy, to CTO, Ramesh Ramanathan to Deputy CFO, and Anand Narayanan to CPO, reinforcing a commitment to innovation and financial stewardship.
• Hires over 90 new talents from Universities and Colleges, enhancing diversity and skillsets to drive innovation and support ambitious growth plans.
• Yubi Group expands its ESOP program, adding 22 lakh shares this quarter, aligning employee interests with company success and fostering a sense of ownership.

 Yubi Group, formerly known as CredAvenue, has announced significant C-suite appointments and promotions across its Group Companies today. As the world’s only tech company powering the end-to-end debt lifecycle, the Yubi Group comprises spoctoX, a prominent digital debt collections platform, and Corpository, a major SaaS-based credit assessment platform in India. Operating under the banner of CredAvenue Securities Pvt. Ltd., Aspero offers a premier platform for seamless investment in fixed income securities for retail investors and wealth partners. Recently, Yubi Group expanded its capabilities with the acquisition of FinFort, a retail SaaS credit evaluation company, now integrated into Corporsitory. This announcement underscores Yubi Group's commitment to strategic growth and leadership excellence in the financial technology sector.

Building on the strong foundation laid in the previous three years, the company is targeting revenue growth by expanding its market presence, increasing client engagement, and enhancing operational efficiency. To support its growth plans, Yubi Group has elevated several employees to its leadership, bringing extensive expertise across finance, technology, and PSB sectors -

• Bharat Krishnamurthy has been elevated to the position of Chief Technology Officer (CTO) of Yubi and Aspero. In his new role, Bharat will focus on driving engineering excellence and advancing the company's technological capabilities to new heights.
• Anand Narayanan has unified Yubi’s loan operating system across critical functions such as integration of loans, co-lending, securitisation, and supply chain financing among others. As the new Chief Product Officer (CPO) for Yubi and Corpository, he will enhance built-out capabilities, elevate NPS scores, accelerate operational efficiency, and scale revenue growth.
• Ramesh Ramanathan has been promoted to Deputy Chief Financial Officer (Dep. CFO) of Yubi Group. For the past many years, his contributions to the group's financial integrity, controls, and operational efficiency have been invaluable. Ramesh's leadership has been instrumental in closing audits for all five companies, including Yubi, Aspero, spoctoX, Corpository, and Finfort, in record time, showcasing the group's robust financial control.
• Continuing with Yubi's philosophy of horizontal leadership across the Group, the appointment of Amitesh Bhattacharya as Group General Counsel for the Yubi Group of Companies marks another strategic development. Amitesh will drive deeper adoption of legal and regulatory interplay across the Group as Yubi builds a robust institution in a fast and dynamic landscape.
• Vinod Deiveegan has been instrumental in leading and building Yubi's Public Sector Bank business, establishing a strong presence across platforms. In his new role as Chief Business Officer for Corpository, Vinod will collaborate with the sales team to scale the business to a $100 million enterprise in the coming years.

Commenting on the leadership appointments, Founder and CEO Gaurav Kumar said, “These strategic leadership changes and promotions reflect our unwavering commitment to fostering talent and driving innovation across our business units. As we continue to deepen the debt market and democratize capital flow, our newly appointed leaders will play a pivotal role in achieving our vision and delivering exceptional value to our clients. The increase in our top performer ratings and promotion rates signifies a higher talent density within Yubi Group, which is integral to our sustained growth and success. Our expanded stock option plan further aligns our team members' interests with the company’s long-term success, empowering them as stakeholders in our collective journey.”

Commenting on these major developments, Yubi Group’s Chief Human Resource Officer, Abhishek Mehrotra, emphasized, "As we embark on a new phase of growth at Yubi Group, our recent leadership appointments underscore our commitment to investing in and grooming top talent internally. These strategic initiatives align with our enhanced performance management approach, integrating performance and potential to foster a culture of continuous feedback, learning, and talent mobilization. This approach positions us well to maximize our team's potential and drive Yubi Group forward in the financial technology landscape."

In pursuant to the company’s strategic plan, Yubi Group has welcomed over 90 new campus hires from diverse backgrounds and institutions, adding fresh perspectives and skills to the team since April 2024. This infusion of talent is essential for supporting Yubi Group's ambitious growth plans and driving innovation across the organization.

The Yubi Group is also investing in its team members through an expanded stock option plan, recognizing the significant wealth creation potential it offers. This quarter, the company added 22 lakh shares to the plan, bringing the cumulative stock option pool to approximately ₹1000 crore. With over 86% of the workforce now shareholders, this initiative aligns the interests of the team with the long-term success of the company, rewarding their contributions and fostering a deep sense of ownership and commitment.



About Yubi:
Yubi Group is the world’s only technology company powering the end-to-end debt lifecycle. Founded in 2020 by CEO Gaurav Kumar, Yubi's technology infrastructure, risk evaluation, and collections platforms facilitate every stage of the flow of money from lenders to borrowers and back to lenders. The company is backed by esteemed investors like Peak XV, Lightspeed, Lightrock, TVS Capital, B Capital Group, Dragoneer Investment Group, and Insight Partners, among others. Today, Yubi facilitates over ₹1,40,000 Cr in debt volumes, serving 17,000+ enterprises and 6,200+ investors & lenders while reducing collections costs by 57%. With a mission to deepen the debt market and democratize capital flow, Yubi is transforming the financial landscape, fostering inclusivity, and building a transparent and responsible ecosystem for all. Visit www.go-yubi.com to learn more.

Media contact:
Sayanee Chatterjee
Integrated Brand Communications
sayanee.chatterjee@go-yubi.com
(+91) 915 88 36036