Yubi Group Appoints Fintech Leader Anil Mehta as Independent Director to its Board
Yubi Group, the world’s only technology company powering the end-to-end debt lifecycle, today announced the appointment of Anil Mehta as an Independent Director to its Board of Directors. Mr. Mehta, a seasoned veteran with over 40 years of experience in the financial services sector, brings a unique perspective and a distinguished track record of building and leading successful businesses, which will contribute significantly to Yubi’s growth and mission.
Mr. Mehta is widely recognized as the founder of India Shelter Finance Corporation Ltd., a leading housing finance company renowned for extending credit to middle-income households. Throughout his illustrious career, he has held key leadership positions at institutions like Max Life Insurance, ANZ Banking Group, Bank of America, and American Express, consistently demonstrating his ability to lead consumer credit and business functions while fostering innovation and growth.
“We are thrilled to welcome Anil Mehta to the Yubi Board,” said Yubi Group Founder & CEO, Gaurav Kumar. “His extensive experience in financial inclusion and proven leadership in building scalable businesses will be invaluable as we continue to empower the debt ecosystem. Anil’s insights will be instrumental in guiding our strategic direction and accelerating our mission to democratize capital flow.”
Image Source: Amit Verma, Forbes India
Mr. Mehta’s appointment fortifies Yubi’s Board of Directors with a leader who possesses a deep understanding of the Indian market and the evolving needs of the debt landscape. His experience in building a successful lending business focused on financial inclusion aligns seamlessly with Yubi’s commitment to fostering a transparent and responsible debt ecosystem, providing reassurance about the strategic direction of the company.
“I am honored to join the Yubi Board,” said Mr. Anil Mehta. “Yubi’s innovative technology platforms, infrastructure, and vast network are transforming how debt is managed, and I am excited to contribute to the company’s continued growth and impact. I look forward to working alongside the talented Yubi team to further their mission of deepening the debt market and making capital more accessible.”
Mr. Mehta’s appointment comes on the heels of his joining Spocto’s board in August 2023. Spocto, a leading player in the phygital debt collections space, is a Yubi Group company.
About Yubi:
The 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. Yubi boasts a distinguished Board of Directors led by Chairman Atanu Chakraborty. 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.
