India, Nov. 18 -- Fintech unicorn Yubi (erstwhile CredAvenue) has secured INR 411 Cr (about $46.4 Mn) in its latest funding round, comprising INR 336 Cr (about $37.9 Mn) in debt from EvolutionX Debt Capital and INR 75 Cr (about $8.5 Mn) in equity investment from founder and CEO Gaurav Kumar.

The fresh proceeds will be deployed to support Yubi's international expansion into overseas markets such as Southeast Asia, the US, and the Middle East. Further, the startup plans to infuse the investment into developing its proprietary AI products.

"The funds will enable us to replicate our Indian success story in new international markets, supercharge our AI stack, and strategically expand our ecosystem," Kumar said in a statement.

Important to m...