YouLend secures £4bn private securitisation deal with JP Morgan
UK-based YouLend has announced a new private securitisation deal with JP Morgan which will enable the global embedded financing platform to extend £4 billion in additional revenue-based financing to small and medium-sized enterprises (SMEs).
YouLend agrees securitisation deal with JP Morgan
SMEs will be able to access the additional financing via 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 building an accurate picture of a business’s health to help open up financing opportunities for the most underserved SMEs.
The firm expects that the deal with JP Morgan will reduce its cost of capital, supporting the platform’s ambition to offer competitive rates for its global partners and their merchants.
Anders Thorpe Christoffersen, CFO of YouLend, claims that the deal underscores the company’s “dedication to fuelling the growth and financial stability of SMEs”.
YouLend disclosed that the private securitisation transaction was completed with JP Morgan acting as the senior lender with Castlelake providing subordinate debt.
The deal follows a recent milestone achieved by the firm, with YouLend celebrating the provision of 150,000 instances of funding for SMEs across the UK, EU, and the US since it launched in 2015.
