yBANQ
yBANQ, formerly known as Procureli Technologies Pvt. Ltd, is a fintech company based in Bengaluru, India, focusing on developing a collections and reconciliation platform for MSMEs in South Asia.
Company Overview
yBANQ, formerly known as Procureli Technologies Pvt. Ltd, is located in Bengaluru, Karnataka, India. The company operates in the fintech industry with a sub-industry focus on payments. yBANQ is part of the Y Combinator W20 batch and is at an early stage of development.
History and Evolution
yBANQ launched in March 2020 initially under the name Procureli Technologies Pvt. Ltd before rebranding to yBANQ. Over time, it has grown to a team size of 9. The company has been focused on simplifying the reconciliation process for MSMEs in India, addressing the prevalent issues of manual and error-prone reconciliation methods.
Services and Solutions
yBANQ is building a collections and reconciliation platform tailored to MSMEs in India. The platform aims to streamline and simplify the reconciliation process which is typically manual and prone to errors. This solution is part of the broader fintech and B2B sector, targeting businesses in India and South Asia.
Geographical Focus
yBANQ primarily serves regions within India and the broader South Asia region. The company's services are designed to meet the specific needs of MSMEs in these markets, leveraging the burgeoning fintech landscape to offer improved financial transaction solutions.
YC Combinator Involvement
yBANQ participated in the Y Combinator W20 batch, an accelerator program that supports high-potential startups. Participation in this program underscores yBANQ's potential for growth and innovation within the fintech sector.