visimoney
TLDR:
- YouLend has secured a private securitization deal with JP Morgan, allowing the fintech firm to extend £4 billion in additional revenue-based financing to small and medium-sized enterprises (SMEs).
- SMEs will be able to access the additional financing through partnered global e-commerce sites, tech companies, and payment service providers such as Amazon, Dojo, and eBay.
- YouLend’s AI-driven decision-making model aims to increase financial inclusion by providing financing opportunities for underserved SMEs.
- The deal with JP Morgan is expected to reduce YouLend’s cost of capital, allowing the platform to offer competitive rates to its global partners.
- YouLend has completed the private securitization transaction with JP Morgan as the senior lender and Castlelake providing subordinate debt.
- The announcement follows YouLend’s recent milestone of providing 150,000 instances of funding to SMEs across the UK, EU, and the US since its launch in 2015.
UK-based fintech firm YouLend has announced a new private securitization deal with JP Morgan, which will enable the company to offer £4 billion in additional revenue-based financing to SMEs. Through partnerships with global e-commerce sites, tech companies, and payment service providers like Amazon, Dojo, and eBay, SMEs will be able to access the additional funding. YouLend uses an AI-driven decision-making model to provide financing opportunities for underserved SMEs, aiming to increase financial inclusion. The deal with JP Morgan is anticipated to reduce YouLend’s cost of capital, allowing the firm to offer competitive rates to its global partners. JP Morgan acted as the senior lender with Castlelake providing subordinate debt in the private securitization transaction.
This recent deal follows a significant milestone for YouLend, which has provided funding to 150,000 SMEs across the UK, EU, and US since its launch in 2015. The company’s CEO, Anders Thorpe Christoffersen, stated that the deal with JP Morgan demonstrates YouLend’s commitment to supporting the growth and financial stability of SMEs.
