The Yubi Collective: Launch Issue | The Era of Credit | May 2023

Hello there!

When the world changes at a fast pace, it’s hard to keep track of everything. This is why, Yubi brings you a monthly newsletter - delivered right to your LinkedIn inbox - to capture all that is happening with economies, start-ups, and within Yubi.

Click on the Subscribe button and get started with The Yubi Collective, a round-up meant to prepare you and your business for growth and judicious capital decisions.

We got featured in LinkedIn’s Top Companies for 2023!

With the support of 1200+ Yubinauts across our companies Yubi, Spocto, and Corpository, we made it to #LinkedInTopCompanies for 2023 - making us the first start-up on the list.

Over the past two years, we have focussed on cultivating a culture of growth mindset and employee engagement, where Diversity, Equity, and Inclusion lie at the heart of our employer brand. Kudos to our Employer Brand team for this amazing feat.

Click here for the full list.

Credit Marketplaces: The need of the hour to enable businesses for growth

Access to timely credit is a major challenge for over 50 million enterprises in India. In his latest opinion piece, our Founder & CEO Gaurav Kumar explores the benefits of a Credit Marketplace and how it can revolutionize the debt market. By creating a free market for credit, borrowers can access multiple financial institutions, choose the Interest Rate and repayment terms as per their needs, and raise capital quickly.

Read here for the full story.

Turning Heads Towards Agriculture : #LeverageIndia with Farmart

Sometimes when we are stuck in our business and jobs, all we need is that one story that give us the motivation and purpose we so desire.

Presenting Farmart, India’s fastest-growing SaaS-led food supply platform, which is committed to revolutionizing the food and agriculture industry from inside out.?

At Yubi, we are documenting the Unsung Heroes of our economy to show those who aim to achieve greatness. Our vision is simple: finance that will unlock opportunities to #LeverageIndia, so businesses like Farmart can #MakeGreatHappen.

Insight Arena: The Hullabaloo of the Credit Score

Whoever said marks don’t matter after education, clearly forgot about business expansion. Loans are the lifeline of keeping a business running effectively and loan availability is often subject to a good credit score. So what is a credit score?

A credit score is a numerical company credit report (CCR) figure. The CCR is prepared by a credit bureau approved by the Reserve Bank of India (RBI), such as TransUnion Credit Information Bureau India Limited (CIBIL), Equifax, or CRIF HighMark.

Okay, but why does a Credit Score matter so much to the bank?

A company’s credit score impacts its ability to qualify for a loan and get it on competitive terms. This is because it indicates to a lender that the borrower is creditworthy and, therefore, likely to repay their loan. Since the borrower is less likely to default on the loan, the lender’s risk is low. As a result, they are more likely to sanction the business loan for the company.

Want to know about how to improve your Credit Score? Check out our blog here.

What to Look Out For in May 2023?

• How does the market react to changes in taxation applicable from April 1, 2023.
• The implementation of SEBI’s direct plan and trail model for AIFs
• Yubi’s latest offering that will unlock choice for borrowers like never before.

Until next time,

Team Yubi Collective