CUSTOMER: YouLend

A safe, easy way to offer more loans

Learn how financial institutions are tackling the challenges of digital transformation and implementing the technologies driving it.

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YouLend dashboard interface. The main dashboard displays a summary of funding and applications with bar and line charts illustrating financial data. On the left side, there is a sidebar with menu options, and an inset shows the transactions section detailing recent business bank account transactions, including date, type, and amount. The YouLend logo is prominently displayed at the bottom of the screen. The interface uses a clean, professional design with a dark blue background and white and blue elements for contrast.

Goal

Enable a modern financing process

Region

Europe

Industry

Financial Services

Executive summary

Businesses continue to struggle to access the capital they need to survive and grow, with only 12% of small-to-medium sized businesses describing the availability of current credit as good. One of the key challenges customers face is the over-reliance on traditional data sources among legacy lenders, leading to high rejection rates, inaccurate data and expensive rates. Through YouLend’s integration with Plaid, open banking data creates a frictionless journey for customers using rich cash-flow insights.

Tech-driven lending has become essential in meeting the needs of modern SMEs but platforms still struggle to get a complete picture of clients’ financial health. The integration of lending processes with modern data networks opens the door for platforms to access up-to-date, direct-from-source financial data and eliminate hours spent verifying bank statements. Financing providers can now offer modern, automated underwriting which factors in alternative income streams to present fast, flexible and affordable financing solutions.

YouLend’s embedded financing platform, in collaboration with Plaid’s Open Banking network, enables a modern financing process that is almost 3x faster, with a 90% approval rate. This partnership allows applications to be completed more quickly, with higher success rates and lower costs. Funds can be disbursed the same day, enabling SMEs to take advantage of opportunities and react to risks more quickly.

Solutions like YouLend and Plaid are partnering with leading platforms to enable financing solutions that are tailored to the needs of their customers. The integration of financial services within existing digital ecosystems represents an opportunity to support the growth of digital businesses in a way that truly meets their unique needs.

Read the YouLend customer story >

75%

of applicants can apply for funding without submitting any documents.

90%

Faster financing with 90% approval rates and approvals within 48hrs

20%

Applicants are offered financing at prices 20% lower than market averages

“Traditional lenders often lack the information to make fast, connected decisions about SME lending criteria, the technology to streamline the process or the willingness to invest in systems that can reduce their cost to serve and enable them to offer a wider range of financing.”

- Plaid x YouLend: A tech-driven approach to embedded lending