Digital lending startup Yubi launches online bond platform Aspero
Digital lending startup Yubi on Thursday announced the launch of its online bond platform Aspero, which allows retail investors to trade in multiple listed bonds across various rating categories.
The platform provides investors the opportunity to enter the bond market with investments as low as Rs 1,000, offering yields ranging from 9% to 14% for bonds rated in the investment-grade category, the company said. Also, it does not impose any transaction fees, and users can conduct transactions beyond regular market hours and even on holidays.
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisit“The Indian bond market holds immense potential, yet its accessibility remains limited. Our vision for Aspero extends beyond a mere platform or app; it’s about empowering retail investors to participate in this thriving market. With yields that can be lucrative and safety levels that are substantial, we’re keen to dispel old perceptions and propel fixed income investments into the mainstream,” Gaurav Kumar, founder and CEO of the Yubi Group, said in a news release.
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Known for facilitating fixed income investment for large wealth distributors, family offices and independent financial advisors, the company launched Yubi Invest, a fixed income platform, in 2022. In fiscal year 2023, Yubi Invest recorded a gross transaction value of approximately Rs 20,000 crore. It will now be rebranded as Aspero to
