YouLend, a prominent global embedded financing platform, has announced a new partnership with Electronic Payments, a leading payments and transaction processor. This collaboration comes as YouLend expands its operations in the United States, aiming to provide more American small businesses with access to capital.
In the midst of challenging macroeconomic conditions, the partnership between YouLend and Electronic Payments seeks to bridge the gap left by traditional financing channels for over 50,000 eligible Electronic Payments merchants. Small businesses can now apply for flexible, revenue-based financing ranging from ,000 to million for various business purposes, such as inventory management, operational improvements, and maintaining cash flow stability.
Michael Nardy, Founder and CEO of Electronic Payments, expressed the company’s commitment to supporting the financial growth of its customers through this partnership with YouLend. By offering revenue-based financing, they aim to empower thousands of small businesses to invest in their growth whenever needed.
YouLend’s advanced, AI-driven decision-making model played a key role in Electronic Payments selecting them for this partnership. Through an embedded process, merchants can quickly complete the application and approval process within the Electronic Payments ecosystem, receiving funds in as little as 24-48 hours.
Ted Kirk, Country Head and Strategic Partnerships US at YouLend, highlighted the excitement of partnering with Electronic Payments to close the funding gap for US SMBs. By integrating financing solutions directly into Electronic Payments’ platform, they are not only simplifying access to capital but also leveraging payment data to provide tailored options to customers, strengthening the SMB financing landscape.
This announcement follows YouLend’s recent milestone of extending 150,000 instances of funding globally, contributing over billion in SMB revenue across the UK, Europe, and the US.
