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YouLend secures deal with J.P. Morgan to extend £4 billion in additional financing to SMEs
"This partnership with J.P. Morgan is a critical milestone for YouLend. The deal enables us to provide nearly in additional SME financing and underscores our dedication to fuelling the growth and financial stability of SMEs."
The financing from J.P. Morgan will extend YouLend's origination volumes as it works to empower a rapidly increasing number of businesses across the with access to seamless embedded finance experiences. By reducing YouLend's cost of capital, the facility supports YouLend's ambition to offer the most competitive rates and market-leading terms for its global partners and their merchants.
, commented on the new transaction with YouLend: "We are pleased to establish this new financing facility with YouLend. Looking ahead to 2024 and beyond, we are excited about the prospects of enabling YouLend to expand its credit offerings to UK and European small businesses. With SMEs accounting for around 50% of UK GDP and serving as an engine of growth for the UK economy, we are delighted to provide this facility to YouLend, supporting the growth of the specialist lending sector and facilitating the availability of capital to creditworthy businesses."
The deal follows a major lending milestone recently announced by YouLend, as the embedded finance provider celebrated the provision of instances of funding to SMEs across the UK, EU, and the US, since its launch in 2015. It's estimated that YouLend-backed SMEs have experienced a 26% uplift in sales in the 6 months following funding, contributing £6.8 billion in revenue to the GDP across YouLend's core markets.
J.P. Morgan joins active capital providers with YouLend, such as AllianzGI and Castlelake, L.P.
YouLend is the preferred global embedded financing platform for many of the world's leading e-commerce and payments platforms, such as eBay, Shopify, Dojo, Mastercard, Google, Just Eat Takeaway.com, and Takepayments.
Our software platform and APIs enable our partners to extend their value proposition by offering flexible financing products in their desired branding to their merchant base without necessarily putting capital at risk.
With YouLend's AI-driven credit risk assessment solutions, more merchants and SMEs than ever can receive fast, flexible and affordable funding.
We operate in over eight geographies across the UK, EU and the US. To find out more about how we create value for our partners and their customers, visit www.youlend.com .
YouLend Limited is part of Banking Circle Group with EQT as the majority shareholder.
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