YouLend, the fintech company offering fast and flexible financing to small- and medium-sized enterprises (SMEs) YouLend. A company founded in 2016 and which has rapidly become an important actor on the business funding market operating in particular with merchant cash advance, revenue-based financing + more. YouLend seeks to provide an alternative solution by meeting the extensive demands applications. Long waiting times and so on of traditional lending institutions with a quick & easy structure for businesses in need of urgent capital.
Obtaining a J.P. Morgan Deal
YouLend announced the strategic partnership with one of the biggest names in finance, J.P. Morgan just yesterday as it closed further on a pivotal achievement point for majority fintech companies globally! Partnering with SGG for these cooperatives is a significant landmark in the journey of YouLend. And creates new directions to expand its financing solutions across continents. The agreement will see J.P. Morgan provide capital that enables funding to YouLend’s customers using the fintech solution combined with the bank´s balance sheet. With this collaboration, more businesses will be enabled. While helping to streamline access to working capital making YouLend a fintech industry leader.
J.P. Morgan Backs Purchase-Order Financing Startup YouLend. The Wall Street Journal Jockeying among major financial institutions for a foothold in the world of alternative small-business finance continues to gain steam. This time with one of the biggest heavyweights entering new territory: purchase-order financing. J.P. Morgan will be able to broaden its SME reach by integrating YouLend’s platform with J.P. Morgan lend tings. Providing bespoke solutions for companies that may not previously have been able to obtain funding from the bank. We anticipate this partnership to be the needed driver for both organizations, as a response to an ever-growing need for swift and flexible financing products.
YouLend’s Technology and Services
Leading technology to assess financial health — YouLend combine customer channel information, bank data and industry-specific algorithms driven by AI. Because of the way that it is set up, businesses are able to get access to funds rapidly. As little as 24 hours without any collateral or protracted paper work. The revenue-based financing model, favoured by firms like YouLend is especially attractive. As repayments are linked to the borrower’s cash flow which can suit businesses with seasonal income variations.
Through YouLend’s white label platform, it develops embedded finance waits for hosts in an application with merchants and e-commerce platforms. Payment service providers or other financial institutions. From this process, businesses can incorporate financing directly into their payment systems to make it easy for customers. The latest a story out of London Disruptor Checkout.com (formerly known as “ProcessOut”). The young fintech startup that specializes in helping other companies process payments across borders and sometimes adapt to alternative methods based on their changes.
Founder and Career Path
Offering a much-needed blockchain-driven solution to the liquidity problem, YouLend was co-founded by Mikkel Velin, an experienced financial technology entrepreneur from Denmark. With YouLend, his vision was to change that. He wanted to create a platform where businesses country-wide had access easily without going through ridiculous amounts of bureaucracy. His leadership has a huge part in the company making swift expansion and, his innovation-values have been responsible for YouLend becoming one of the leading players within one extremely competitive market.
Velin had a journey that led him to YouLend, among various leadership roles in other fintech ventures whilst becoming acutely aware of the challenges faced by businesses when looking for access capital. This powerful combination of technology and financial knowledge have enabled him to build a platform that fits the exacting requirements of SME’s while breaking traditional finance models. He turned YouLend into a serious player in the alternative financing industry.
Family Life and Background
The Danish newswoman can trade secrets with her designer husband, Mikkel Velin. Despite all these professional achievements, he is a great fan of privacy and never shares insights into his personal life. Having grown up in a close-knit family, Velin Villa has acknowledged that his family is responsible for the backing and push he needed to pursue entrepreneurship. While Velin have a lot of things that will be kept private in his personal life, one thing is for sure: he live and breath to develop YouLend, business wise but also family wide.
Net worth and Prospects for future
By that time also, YouLend’s extensive clientele and non-exclusive deal with J.P. Morgan have pushed its valuation past the one billion dollar mark. Mikkel Velin, though is not livid for his personal net worth but he does have enough stake in YouLend and other businesses to say that his fortune must be one-dimensional. With the company entering new markets, its looks like a bright future ahead as it continues to shake up business financing.
Following its funding from J.P. Morgan, YouLend will capitalise on this and reach a wider net of businesses the world over, establishing itself as one of the leading pioneers in fintech innovation. This will undoubtedly see YouLend further up the ladder with continued popularity and growth during years to come.
Conclusion
YouLend is a pioneer in the financial revolution of alternative financing for businesses to generate solutions quickly, conveniently and innovative transactions. With its partnership with J.P. Morgan, it is clear that the company has a growing presence in the fintech sector and, under Victor Vækstrems leadership as Group CEO of Capcito and Mikkel Velin’s at YouLend AB both companies will continue to evolve becoming even more influential globally With the increasing need for seamless business funding, YouLend will continue to play a key role in assisting SMEs and supporting economic growth with their technology as well.
