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Yubi Partners with Cockroach Labs

India's largest lending technology platform, Yubi Group, has recently announced a strategic partnership with Cockroach Labs, marking a significant step in their journey towards financial innovation. This collaboration comes as Yubi gears up to scale its operations substantially, aiming to achieve a tenfold increase in transaction throughput while sustaining high performance and compliance in a rapidly evolving credit environment.

In this age of digital finance, Yubi's initiative to integrate CockroachDB as the backbone of its unified Lending Operating System (OS) aims to streamline its services. This technical upgrade is essential to support the increasing volumes of transactions that Yubi anticipates, with the platform already experiencing extensive growth and complexity. By implementing CockroachDB, Yubi not only enhances its operational resilience but also positions itself for global market expansion.

Understanding Yubi's Vision

Yubi Group stands at the center of India's digital credit ecosystem, facilitating every aspect of the debt lifecycle—from origination and risk assessment to disbursement and collections. With connections to over 6,200 lenders and investors, Yubi facilitates various financial processes such as partnership lending, securitization, and supply chain financing, managing a staggering ₹1,65,000 Cr in processed debt volumes.

Given the scope of its operations, ensuring always-on availability and high performance is not just beneficial for Yubi but crucial. Traditional cloud databases have begun to show their limitations as Yubi's transaction volume surges, encountering issues like downtime and infrastructure complexity. Thus, adopting CockroachDB, characterized by its distributed SQL architecture, provides Yubi with the flexibility and scalability it needs.

The Role of CockroachDB

The core benefits that Yubi anticipates from this partnership are transformative. With CockroachDB, Yubi is poised to achieve seamless horizontal scalability that can accommodate a tenfold increase in transactions without compromising service quality. The distributed nature of CockroachDB also allows Yubi to address data locality and compliance needs advantageous for future international expansions.

Additionally, CockroachDB’s PostgreSQL compatibility ensures a smooth transition, allowing Yubi to integrate the system without extensive rewrites of the application code, thus saving time and resources. Most importantly, the cloud neutrality of CockroachDB guarantees that Yubi can utilize any cloud provider it chooses without being tied to a single vendor, a crucial aspect for a growing fintech in today’s dynamic landscape.

Expert Insights

Venkat Ramana Sonnathi, Yubi Group’s Chief Architect, expressed that this partnership represents more than just an upgrade; it signifies a reimagining of how credit flows in the economy. He emphasized that CockroachDB offers the confidence needed to scale without fear of noncompliance across geographical borders while fostering agility in creating the next generation of financial infrastructure.

Tejas Baldev, Regional Sales Director at Cockroach Labs, highlighted Yubi’s push towards modernization within one of the world's most complex financial markets. He expressed pride in supporting Yubi’s vision to reshape how debt functions in a global economy.

Yubi's Future Ambitions

With the integration of CockroachDB into its LoanOS platform, Yubi engineers can now prioritize innovation over constant infrastructure management. This shift not only expedites product development cycles but also ensures that Yubi’s mission to democratize debt access is supported by a robust and scalable database solution. As Yubi continues to evolve, its infrastructure decisions will increasingly reflect strategic imperatives rather than mere technical requirements.

Founded in 2020 by CEO Gaurav Kumar, Yubi has quickly transformed the way money flows between lenders and borrowers. Backed by prominent investors and boasting a user base of over 17,000 enterprises, Yubi has established itself as a critical player in the finance sector. As it pioneers efforts to deepen the debt markets and create a more inclusive financial ecosystem, its recent partnership with Cockroach Labs positions Yubi for a future filled with unprecedented potential.

In conclusion, Yubi’s collaboration with Cockroach Labs is not just about technology; it's a strategic move to reshape the future of credit infrastructure, ensuring they can adapt swiftly and effectively in an ever-changing financial landscape.