Financing platform YouLend and fintech platform myPOS have partnered up to launch a new service to simplify SME investing in France.
Through the partnership, eligible myPOS clients will be able to access revenue-based financing directly on the platform, and will benefit from a flexible repayment structure, where merchants can pay back by allocating a percentage of the funds received from card payments processed on myPOS.
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The funding is available only to myPOS clients who meet certain criteria, including being an active myPOS merchant for 12 consecutive months. Those that qualify can secure an offer and receive funding in one day.
The roll-out in France will be followed by partnerships in other markets around Europe to support SME growth in other regions, the firms said.
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“The new partnership between YouLend and myPOS equips entrepreneurs with the resources they need to succeed,” said Tony Stoychev, myPOS director lending services. “By joining forces, we’re delivering faster, more flexible solutions that enable business owners to focus on growth rather than navigating complex financial processes.”
“By working together, we’re not only simplifying the financing process, but also empowering business owners to make smarter financial decisions and focus on scaling with confidence,” added Luuk Visschedijk, head of global partnerships at YouLend.
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