Tue. Jun 25th, 2024

TLDR: YouLend has completed a private securitisation transaction with JPMorgan and Castlelake, allowing it to extend over $5 billion in additional financing to SMEs. The partnership with JPMorgan demonstrates YouLend’s commitment to closing the funding gap for SMEs and empowering them with embedded finance. YouLend’s AI-driven decision-making model increases financial inclusion by providing funding to under-served SMEs, and the financial boost from JPMorgan will allow the company to expand its origination volumes. The deal follows YouLend’s milestone of providing 150,000 instances of funding to SMEs since its launch in 2015, with SMEs experiencing a 26% uplift in sales following funding.