Yubi Leverages Oracle Cloud Infrastructure to Drive Financial Inclusion in India

Yubi Group, a leading digital lending technology conglomerate in India, has harnessed the power of Oracle Cloud Infrastructure (OCI) to bolster its co-lending platform, catering to the burgeoning credit needs of Indian businesses. Partnering with 80% of Indian banks and over 150 non-banking financial companies (NBFCs), Yubi’s co-lending platform has facilitated the disbursement of joint loans exceeding US$1.2 billion to over 1 million customers since its inception three years ago. With India’s co-lending sector poised to surpass US$12 billion, Yubi sought OCI’s scalability, security, and high-performance computing capabilities to accommodate increased transaction volumes and capitalize on market growth.

Gaurav Kumar, Founder and CEO of Yubi Group, emphasized OCI’s role in enabling seamless scalability, enhanced performance, and the establishment of a multi-cloud environment, crucial for achieving ambitious growth objectives. Yubi anticipates over 25% cost savings by leveraging OCI’s dual-region cloud strategy, reinforcing its commitment to fostering financial inclusion and empowering Indian entrepreneurs.

By deploying OCI services such as Compute Virtual Machines, Object Storage, and OCI Database with PostgreSQL, Yubi aims to enhance compute capacity for both large-scale and small development projects. Additionally, Yubi will benefit from high-performance computing and low-cost cloud storage options, optimizing efficiency and productivity.

Shailender Kumar, Senior Vice President and Regional Managing Director at Oracle India and NetSuite JAPAC, underscored the significance of co-lending services in propelling India towards its 5 trillion-dollar economy goal by 2025. With OCI, Yubi can enhance platform performance, gain budgetary control, and optimize cloud services from multiple providers, fostering cost-efficiency, functionality, and performance.

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