MoneyWorks4Me

PB Fintech acquires 26.72% stake in YKNP Marketing Management

19 Nov 2022 Evaluate

PB Fintech has made an investment of around $2 million and acquired 26.72% Shares of YKNP Marketing Management through PB Fintech FZ-LLC, a wholly owned subsidiary of the Company.

With this partnership, the company will get access to banks of UAE where it can start sourcing customer leveraging the YKNP agreement and field force. YKNP Marketing Management has about majority business through Arabic population. The company will get access to sales team which can cater to Arabic customers.

PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

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