Yubi, a digital lending platform offering fintech startup expanded its Employee Stock Option Plan by adding fresh Employee stock options to its existing employee stock options. These newly allocated  shares are worth around 26 million USD. The company offers a financial platform that is transparent, secure, seamless, and provides trusted financial solutions. The startup offers a digital platform to  connect borrowers with lenders and provide them access to primary and secondary bonds. 

The company mentioned in a regulatory filing that the board of the company passed a resolution to as  22,00,000 employee stock options in its new and existing plans to reach the total employee stock  option plan pool of 60,08,920 options. The fintech unicorn added around 11,00,000 new stock options  to its existing Employee Stock Option Scheme 2022. This makes the total options to be around  4,908,920 options. Yubi added 11,00,000 new stock options to its Employee Stock Option Plan. The  ESOP pool was expanded for its employees to gain new employees, hire new talents, and enhance  productivity. The startup intelligence platform, the kredible estimated the newly added employee  stock options to be around $26 million, marking the total employee stock option plan at $70 million. 

Yubi provides an online platform that aims to strengthen the debt market and transform the financial  landscape while building a transparent and responsible ecosystem for everyone. The company has  offered over Rs 1,40,000 crore in debt volumes to more than 17,000 enterprises and over 6200  investors and lenders. The firm reduces the collection costs by 57 percent. The startup turned Unicron in 2022 after securing $135 million during its series B funding round led by Dragoneer Investment  Group, Insight Partners, and B Capital Group. The company had a valuation of around 1.5 billion USD  after its secondary sale. The unicorn also invested Rs 150 crore during the debt funding round of  Infra.Market and Auxilo.  

The fintech unicorn reported a two-times increase in its revenue to Rs 328 crore in FY24. However, the  losses also increased eight times to Rs 482 crore in the same duration. The board approved granting  these stock options to those under the Yubi employee stock option scheme. Many startups announced  their ESOP buyback programs to enhance their workforce and efficiency to employees including Paytm,  Delhivery, Nykaa, and Purplle. The company plans to revolutionize the fintech sector. 

Conclusion: 

Yubi announced the allocation of its new fresh employee stock option Plan to its employees. These  newly allocated stock options are worth around 26 million USD. The fintech unicorn offers an online  marketplace to connect lenders with borrowers and provide them with financial solutions. The  company filing mentioned that the board passed a resolution to allot 22,00,000 employee stock  options to its new and existing plans. The startup claims to have provided around Rs 1,40,000 crore in  debt volumes through its platform. The company is backed by known investors including Peak XV,  Lightspeed, TVS Capital, Dragoneer Investment Group, and Insight Partners, among others