Yubi Group rebranded Corpository and FinFort under a new identity: Accumn. This strategic development is a significant advancement in Yubi’s mission to create a comprehensive AI-ML credit first decisioning platform. Corpository, acquired by Yubi in April 2022, has been pivotal in delivering advanced credit evaluation and monitoring solutions, particularly within corporate lending. Following the acquisition of FinFort in May 2023, which expanded its capabilities into retail credit assessment, Yubi has addressed the increasingly complex demands of credit managers. Now, under the new brand Accumn, these capabilities are fully integrated, providing a robust, full-stack platform that enhances every facet of the credit decisioning process.
Accumn will provide a comprehensive solution for all credit decisioning needs. The platform covers the entire debt lifecycle, offering capabilities in five key areas: credit evaluation, credit process automation, end-to-end integration, AI-driven credit decisioning, and credit monitoring. By leveraging generative AI, Accumn delivers precise and efficient credit decisions, along with robust monitoring, ensuring a seamless approach to managing credit processes. This platform is designed to help businesses streamline financial management and mitigate risks with greater accuracy and efficiency.
Aniket Shah, the Co-Founder & CEO of Corpository, will lead Accumn as its CEO. Shah, who has been instrumental in driving Corpository’s growth and innovation, stated, “Accumn leverages cutting-edge machine learning (ML) and artificial intelligence (AI) technologies to empower credit managers with sophisticated tools that improve the accuracy and transparency of every decision. This strategic shift from data management to advanced decisioning products reflects Yubi Group’s commitment to leading innovation in financial services. By bringing together the strengths of Corpository and FinFort, Accumn is positioned to become India’s most advanced AI-first credit decisioning platform.”
On the rebrand, Chief Marketing Officer of Yubi Group Karanpreet Bindra said, “The brand name Accumn is derived from and is a celebration of the ‘acumen,’ prudence, and astute judgment displayed by the credit underwriting and monitoring community daily. Accumn as a brand stands at the unique intersection of human intelligence, data, and artificial intelligence, designed to supercharge the decision-making capabilities of the perfectionist underwriter. Acumen’s brand identity reflects the brand promise of enabling precision in every decision and being the pioneer of bringing AI tech to real-life use cases while operating within and supplementing the larger brand architecture of Yubi.”
Financially, Corpository saw a 400% Y-o-Y growth in revenue in FY24. With the new brand, Accumn is expected to be a major revenue driver for Yubi Group, with projected revenues increasing by 2x in FY25. This growth trajectory underscores the value Accumn brings to Yubi’s portfolio, aligning with the group’s vision of becoming a global credit decisioning market leader.
Leave a Reply