Yubi and Protean eGov Technologies Collaboration
On 11 November 2026, Yubi, the AI‑powered operating system for financial services, and Protean eGov Technologies Limited, described as India’s most trusted digital infrastructure, announced a strategic collaboration aimed at integrating trusted digital identity, KYC and data capabilities directly into the credit lifecycle across the country.
The partnership is positioned to address two stark findings from recent reports: only 28 % of Indian adults aged 18‑60 are credit‑active, and the formal MSME sector faces a credit gap estimated at more than ₹60 lakh crore due to limited access to verified borrower information. By embedding Protean’s population‑scale identity, KYC, consent and e‑sign infrastructure with Yubi’s lending platform, the joint solution seeks to accelerate onboarding to minutes, enable a single‑time CKYC that can be reused across co‑lending partners, underwrite loans using consent‑based bank statements and income‑tax returns for a truer view of cash flows, and close loans digitally with online signatures and audit‑ready documentation.
Gaurav Kumar, Founder & CEO of Yubi Group, stated that despite India’s world‑class digital public infrastructure, lenders often make decisions without a clear view of borrowers, keeping first‑time borrowers and small businesses out of the formal system. He said the collaboration will give lenders confidence to approve more loans and provide borrowers a faster, fairer, and more transparent credit path, thereby deepening India’s debt market and expanding credit accessibility.
Ajay Rajan, MD & CEO of Protean eGov Technologies Limited, highlighted that digital public infrastructure can catalyse transformation in India’s lending ecosystem, and that the partnership will translate DPI capabilities into tangible business value and accelerate financial‑services innovation at scale. Rakesh Dosi, Chief Business & Product Officer at Protean, added that a single verified borrower profile from first click to final signature, built on public rails and scaled by private innovation, will be a game changer.
Yubi’s credentials include having facilitated over ₹3.2 lakh crore in credit and processed 3.5 crore transactions, serving more than 17,000 enterprises and 6,200 investors and lenders, and achieving a 57 % reduction in collections costs. The group, founded in 2020, comprises subsidiaries YuVerse, Accumn, Spocto X, YuCollect and Yubi Wealth, and is backed by investors such as Peak XV, Insight Partners, Lightspeed, B Capital Group, Dragoneer and TVS Capital.
Protean eGov Technologies, incorporated in December 1995, develops citizen‑centric, population‑scale e‑governance solutions and collaborates closely with the Indian government to build and operate critical digital public infrastructure.
The collaboration will operate within India’s regulatory and consent‑based frameworks and comply with applicable data‑protection laws, with data privacy and security emphasized as priorities.