Credit and payments platform Younited lands $170m investment
French fintech Younited has raised $170 million in its latest funding round.
The new funding brings Younited’s total raised to $400 million
The round featured participation from US banking giant Goldman Sachs and UK-based private equity investor Bridgepoint, as well as long-term shareholders Eurazeo, Bpifrance and AG2R La Mondiale.
The new funding brings Younited’s total raised to $400 million.
The firm says the funds will be used to “consolidate [its] presence on the European market” as well as grow its team and expand its B2B and B2C offerings.
Part of France’s Next40, Younited provides an online platform to facilitate financial transactions between lenders and borrowers.
The company claims it has granted more than €2.4 billion in credit since its launch in 2012.
CEO and co-founder Charles Egly says the company plans to help customers “get going again” following the COVID-19 pandemic.
Younited also provides credit and payments software-as-a-service (SaaS) solutions for financial institutions and counts N26, Wizink and HSBC France among its customers.
The firm partnered with Orange Bank last month as the French bank looks to boost its credit options following its €195 million loss over 2020.
