Priya PatelTLDR:
YouLend has secured a deal with J.P. Morgan to extend £4 billion in additional financing to small and medium-sized enterprises (SMEs). The funding will be accessible through partnered global e-commerce sites, tech companies, and payment service providers such as Amazon and eBay. This partnership demonstrates YouLend’s commitment to closing the funding gap and promoting financial inclusion for under-served SMEs. The financing from J.P. Morgan will support YouLend’s ambition to offer competitive rates and market-leading terms for its global partners and their merchants.
The embedded finance platform, YouLend, has announced a deal with J.P. Morgan to provide £4 billion in additional financing to SMEs. Through partnered e-commerce sites, tech companies, and payment service providers, SMEs will have access to revenue-based financing. J.P. Morgan’s financing will empower YouLend to expand its credit offerings to UK and European small businesses, aiding the growth of the specialist lending sector and facilitating the availability of capital to creditworthy businesses.
YouLend utilizes an AI-driven decision-making model to assess the health of businesses and increase financial inclusion by providing funding to underserved SMEs. The platform has already facilitated 150,000 instances of funding for SMEs in the UK, EU, and the US, contributing £6.8 billion in revenue to the GDP of its core markets. By partnering with J.P. Morgan and other active capital providers, such as AllianzGI and Castlelake, YouLend aims to continue empowering businesses across the EU and the UK with seamless embedded finance experiences.
