Fintech Unicorn Yubi Adds Worth $26 Mn Fresh ESOPs 

Yubi, the fintech unicorn formerly known as CredAvenue, made a big move by adding fresh Employee Stock Options worth a whopping $26 million.

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Their offerings also include vendor and dealer financing and a marketplace for bonds, including access to primary and secondary bonds.

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On the board of Yubi, a special resolution has been approved for adding 22,00,000 employee stock options to its new and existing plans, thereby increasing it to a whopping 60,08,920 options.

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That is a lot of stock options. They have added 11,00,000 new stock options to the existing 2022 ESOP plan to 4,908,920 options in all.

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This pool of ESOPs will, therefore, grow appropriately to allow for the welcome and retention of top talent. In one of the most competitive industries for FinTech.

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They reached unicorn status in March 2022 after the $135 million Series B round led by Insight Partners, Dragoneer Investment Group, and B Capital Group.

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