Yubi Group rejigs top management to aid expansion
The company, previously known as CredAvenue, has promoted Bharat Krishnamurthy to the position of CTO of lending platform Yubi and fixed-income investment platform Aspero, while Ramesh Ramanathan has been made the deputy CFO of the group.
Chennai-based fintech unicorn Yubi Group has made a slew of top appointments across its group companies.
The company, previously known as CredAvenue, has promoted Bharat Krishnamurthy to the position of chief technology officer of lending platform Yubi and fixed-income investment platform Aspero, while Ramesh Ramanathan has been made the deputy chief financial officer of the group.
Anand Narayanan has been appointed the chief product officer of Yubi and SaaS platform Corpository, and Amitesh Bhattacharya will serve as the group general counsel.
The company uses technology to deliver products in end-to-end debt lifecycle management. Aspero is its platform for retail investors and wealth partners to invest in fixed-income securities; it operates under CredAvenue Securities.
Yubi Group also runs a digital debt collection platform called SpoctoX and a SaaS-based credit assessment platform under the name Corpository. The company recently acquired FinFort, a retail SaaS credit evaluation company.
“The company is targeting revenue growth by expanding its market presence, increasing client engagement, and enhancing operational efficiency,” Yubi Group said in a statement.
Yubi Group recently went on a hiring spree and recruited more than 90 people from campuses. Simultaneously, the company expanded its stock option plan by adding 22 lakh shares this quarter. With this it increased its total stock option pool to approximately ₹1000 crore, with more than 86% of its workforce participating as shareholders in the plan.
This initiative aligns with the interests of the team with the long-term success of the company, said the company.
Edited by Swetha Kannan