NBFC India Factoring to leverage Yubi's tech stack to power trade finance

Yubi, a fintech company, announced its acquisition of NBFC Factor India to expand its trade finance operations. The acquisition aims to enhance Yubi’s capabilities in providing factoring services, which involve purchasing receivables from businesses at a discount to improve their cash flow. This strategic move is expected to strengthen Yubi’s position in the trade finance market and offer comprehensive financial solutions to its clients. The acquisition of NBFC Factor India aligns with Yubi’s growth strategy and commitment to supporting businesses with innovative financial products. The company plans to leverage its technological expertise to streamline factoring processes and provide efficient financial services.