Ybanq

Based in Karnataka, India, and founded in 2019, Procureli India Private Limited doing business as Ybang operates as a technology-based finance company that offers a platform that helps businesses to collect, reconcile and manage products. The company was founded by Abhishek Ayyagari, Ganesh Mallya, and Ahamed Shah Wahidullah. In July 2021, Defmacro Software Private Limited, a portfolio company of Alua Capital Management, Composite Capital Management, and Elevation Capital acquired Ybanq from Y Combinator. The firm offers a fintech platform that helps business to manage their business by offering simplified collection and reconciliation, automated booking, easy reminders, and instant installments.

The firm helps its clients by allowing them to operate from a single platform and not opening multiple bank accounts and lets clients’ customer pay from their bank or phonePe and google pay directly. It also provides automated bookkeeping which lets clients have a glance at their dues and collections.