Growth of the Platform
YouLend has announced that it has successfully funded 200,000 small businesses worldwide. According to partners, these businesses see an average sales boost of 26% within six months after securing financing.
The total lending facilitated through partnerships has generated an impressive US$10 billion contribution to the gross domestic product in the markets where YouLend operates.
This initiative is a major milestone for YouLend’s expansion into the U.S. market, especially following recent partnerships with key players in e-commerce and financial services.
These collaborations enable merchants to access funding through their current business service providers, simplifying the process of obtaining capital.
Implementation Process
The platform’s software and APIs allow partners to enhance their offerings by providing adaptable financing products, all under their own branding, to their merchant customers. The implementation can be achieved without any additional coding or significant financial investments.
Anders Torpe Christoffersen, CFO of YouLend, commented: “The U.S. is a key focus for us. By augmenting our capital capabilities and diversifying our investor pool, we believe we can better facilitate access to the vital funding that small and medium-sized businesses require to succeed.”
This agreement expands YouLend’s embedded finance strategy, which has successfully managed thousands of funding transactions across nine regions in the UK, EU, and U.S.
This strategy weaves lending solutions directly into the platforms that merchants use for their day-to-day operations.
Alex Curcio, a partner specializing in finance at Castlelake, added: “We see promising asset-based investment opportunities in the global SMB finance sector, and private credit solutions are increasingly essential in fulfilling the capital needs of small and medium-sized businesses.”
