News from the Wire

YouLend, Electronic Payments to offer SMB financing

Monday, March 18, 2024 — 16:25:12 (EDT)

Atlanta, United States, March 18, 2024 — YouLend, the leading global embedded financing platform announces its latest partnership with payments and transaction processor, Electronic Payments. The strategic deal comes at a time when YouLend is rapidly scaling its operations in the United States, marking a significant step forward in empowering more American small businesses with access to capital.

As macroeconomic conditions worsen, the partnership between YouLend and Electronic Payments aims to provide easy access to capital and fill a gap left by traditional financing channels for more than 50,000 eligible Electronic Payments merchants.

Through this initiative, small businesses can now apply for flexible, revenue-based financing ranging from $1,000 to $1 million for any business purpose, including inventory management, operational enhancements, and ensuring cash flow stability.

“We’re constantly looking for new ways to support the financial growth of our customers,” stated Michael Nardy, Founder and CEO of Electronic Payments. “Our partnership with YouLend addresses a critical pain point for merchants—lack of access to capital. Through this new program, we’re empowering thousands of small businesses to invest in their growth with revenue-based financing, whenever and wherever they need it.”

YouLend was chosen by Electronic Payments for its advanced, AI-driven decision-making model that can provide a holistic assessment of a business's creditworthiness. Through the embedded journey, merchants can complete a quick application and approval process directly within the Electronic Payments ecosystem and receive funds within 24-48 hours.

Ted Kirk, Country Head and Strategic Partnerships US at YouLend commented,”We are thrilled to partner with Electronic Payments and take a significant step forward in closing the funding gap for US SMBs. By embedding financing solutions directly into the Electronic Payments' platform, we are not only streamlining access to capital, but also leveraging their rich payments data to provide the most tailored options to their customers. Together, we're paving the way for a stronger SMB financing landscape.”

This announcement follows YouLend’s recent milestone of extending 150,000 instances of funding globally and contributing more than $8 billion in SMB revenue across the UK, Europe and the US.

About Electronic Payments

Continuously innovating with new technologies, Electronic Payments has distinguished itself as one of the most highly regarded payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all types of industries and acquires new merchants through a network of POS value-added resellers (VARS), agent banks, sales agents, and independent sales offices (ISOs). Visit www.electronicpayments.com for more information. About YouLend

YouLend is the preferred global embedded financing platform for many of the world's leading e-commerce and payments platforms, such as Amazon, eBay, Shopify, Dojo, Mastercard, Google, Paysafe and Freshbooks.

Our software platform and APIs enable our partners to extend their value proposition by offering flexible financing products in their desired branding to their merchant base without necessarily putting capital at risk.

To date, YouLend has extended financing more than 150,000 times across the UK, EU and the US, and recently secured a deal with J.P. Morgan to expand its SMB financing capacity by $5 billion across core markets. To find out more about how we create value for our partners and their customers, visit www.youlend.com

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.