Unlocking Revenue-Based Financing: YouLend Integration Now Available on myPOS!
In an exciting development for small businesses in France, myPOS and YouLend have partnered to enhance access to capital through innovative financing solutions. This collaboration aims to simplify the financing process for merchants, making it easier for them to focus on growth.
Partnership Overview
The partnership between myPOS and YouLend represents a significant advancement in embedded finance solutions within Europe. The initial rollout of this service is specifically designed for French merchants, offering them a way to access revenue-based financing directly from the myPOS platform.
Key Features of the Financing Solution
- Seamless Integration: Eligible myPOS customers can apply for financing without leaving the platform.
- Flexible Repayment: Merchants repay the financing by dedicating a portion of their card payment revenues, which helps ease cash flow during slower periods.
- Quick Access to Funds: Upon approval, qualifying merchants can receive funding within 24 hours.
Eligibility Criteria
To qualify for this financing option, merchants must meet the following criteria:
- Be an active myPOS merchant.
- Have used the platform for at least 12 consecutive months.
Statements from Company Leaders
Tony Stoychev, Director of Lending Services at myPOS, expressed enthusiasm about the partnership, stating, “With the opening of our third French showroom in Lyon, we are strengthening our commitment to support merchants across France. This partnership equips entrepreneurs with the resources they need to succeed, allowing them to focus on growth rather than navigating complex financial processes.”
Similarly, Luuk Visschedijk, Head of Global Partnerships at YouLend, commented, “We are thrilled to enhance myPOS’s core offerings by providing a world-class financing solution for their merchants in France and beyond. Together, we are simplifying the financing process and empowering business owners to make informed financial decisions.”
Future Expansion Plans
This launch in France is just the beginning, with plans for regional rollouts across additional European markets. The goal is to offer streamlined financing solutions that help small businesses manage their working capital more effectively.
For more information about myPOS and YouLend, visit their official websites: myPOS and YouLend.
