Värde Partners has agreed a multi-year forward-flow facility with UK embedded finance provider YouLend to support the expansion of its capital base in the US.
Under the agreement, Värde has the option to purchase up to $225m (£169m) in receivables originated by YouLend.
Värde is a global investment firm managing $17bn in assets and has invested more than $100bn across the credit quality and liquidity spectrum. YouLend is an embedded finance platform for e-commerce, payments and technology companies, providing flexible capital to small and medium-sized businesses (SMBs) through partnerships.
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The company said the facility will fund its US originations, where since the 1990’s SMBs account for between 43.5 per cent and 50.7 per cent of gross domestic product.
The move follows YouLend’s recent expansion into a larger US headquarters in Atlanta to support its American team, as well as its continued growth in Europe with the opening of a Berlin office in January.
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“Värde is pleased to support YouLend’s efforts to expand its capital base in the US, and we look forward to fostering a long-term partnership as YouLend continues to scale its footprint globally,” said Nikhil Gupta, managing director at Värde Partners.
To date, YouLend has provided funding to more than 370,000 businesses globally, working with partners including Amazon, eBay, Shopify, Etsy, Worldline and Upwork, the firm said.
