Yubi and Protean eGov Technologies have entered into a collaboration to integrate digital identity, KYC and data verification capabilities into lending workflows, with the aim of simplifying borrower onboarding and improving credit assessment.
The integration will bring Protean’s digital infrastructure capabilities, including identity verification, consent management and e-signatures, into Yubi’s lending platforms used by banks and other financial institutions.
The companies plan to use the integration across four stages of the credit lifecycle: borrower onboarding, KYC verification, underwriting and loan documentation. Lenders will be able to access verified borrower information, undertake digital re-KYC and analyse consent-based bank statements and income tax returns to assess repayment capacity. Loan agreements, sanction letters and security documents will also be supported through digital signing and stamping.
The collaboration is intended to address information gaps that can limit formal credit access, particularly for first-time borrowers and micro, small and medium enterprises (MSMEs). The press release cites estimates that only 28% of Indian adults aged 18–60 are credit-active, while the formal MSME credit gap exceeds ₹60 lakh crore.
“India has built world-class digital public infrastructure, yet lenders still make too many credit decisions without a clear view of who the borrower is. That gap is a big part of what keeps first-time borrowers and small businesses outside the formal system. Protean’s trusted identity and data capabilities, combined with the lending infrastructure Yubi provides to banks and lenders, can help close it. Our aim is to give lenders the confidence to say yes more often, and to give borrowers a faster, fairer and more transparent path to credit, at national scale. That is how we deepen India’s debt market and expand credit accessibility,” said Gaurav Kumar, Founder and CEO, Yubi Group.
“Digital Public Infrastructure can be a powerful catalyst for transforming India’s lending ecosystem. Our collaboration with Yubi brings together Protean’s expertise in building trusted, scalable digital infrastructure and Yubi’s technology-led lending platform to simplify lending journeys, strengthen digital trust and drive greater operational efficiency. We see this partnership as an opportunity to translate DPI capabilities into tangible business value and accelerate innovation across the financial services ecosystem at scale,” said Ajay Rajan, MD and CEO, Protean eGov Technologies.
Yubi said it has facilitated more than ₹3.2 lakh crore in credit, while Protean provides digital identity, verification and data infrastructure. The companies said the collaboration would operate within applicable regulatory and consent-based frameworks, with data privacy and security as priorities.