YouLend, a global embedded financing platform, secured a new financing facility with funds managed by Castlelake, a global alternative investment firm that specializes in asset-based private credit._x000D_
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The new facility broadens YouLend’s investor base in the U.S. and increases YouLend’s available capital, which has the potential to now extend over $1 billion in revenue-based financings to U.S. SMBs over a three-year period._x000D_
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“The United States is a critical priority for us. We’re thrilled to accelerate origination growth through this facility with Castlelake,” Anders Torpe Christoffersen, CFO of YouLend, said. “It allows us to further scale our platform as we seek to provide the best possible terms to our partners and their merchants. By increasing capital capacity and adding more diversification to our investor base, we believe we can better help small and medium sized businesses access the capital they need to thrive.”_x000D_
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“Castlelake is pleased to expand its existing relationship with YouLend through this new financing facility for US merchants,” Alex Curcio, partner, specialty finance at Castlelake, said. “We believe the global SMB finance sector offers interesting asset-based investment opportunities for institutional investors and that private credit solutions are playing an increasingly important role in meeting the demand for capital from SMBs.”
Forward for Specialty Finance
