U. Y. Fincorp has entered into contractual joint venture (JV) agreement with Fintech Cloud (FCPL) for expansion of its business into the field on small ticket size Personal and Business Loan under its new brand name ‘FUNDOBABA’. The company has agreed to invest a sum of Rs 20 crore in expansion of its business into the field on small ticket size Personal and Business Loan under its new brand name ‘FUNDOBABA’ under its own NBFC license and the same will be managed by FCPL. The Investment made by the company shall be locked in for a period of three years from the date of the investment.
Recently, the company’s board in their meeting held April 9, 2025 has approved the same.
U. Y. Fincorp is a non-banking financial company, it is in the business of share investment, assets financing, investment banking, equipment lease and finance and bill discounting for reputed companies.
