Serving to Polish entrepreneurs and small enterprise homeowners have instant entry to versatile, revenue-based financing to develop the nation’s e-commerce market, YouLend, the embedded finance platform, has partnered with Polish funds service operator, Tpay.
Polish small and medium-sized companies (SMEs) like working capital finance as a supply of exterior finance because it ensures a higher flexibility of operation. Moreover, it allows quicker adaptation to financial circumstances, and decrease value of financing in keeping with an OCED Financing Report. YouLend is completely positioned to satisfy this demand, providing enterprise homeowners the comfort they want that conventional choices couldn’t present.
The partnership allows Tpay to implement YouLend‘s embedded financing answer. It will present Polish clients with handy and tailor-made funding options with out the prolonged approval processes usually related to conventional funding choices.
The function allows enterprise homeowners to safe financing in just some clicks via a streamlined digital utility journey that takes a couple of minutes to finish. Approval often takes 24-48 hours. Nevertheless, as soon as accepted, the companies can use the capital to put money into development alternatives, cowl sudden bills, buy stock, or just improve money stream.
Companies can repay the financing via a small proportion of their future gross sales. In flip, this ensures flexibility and safety during times after they generate decrease revenues.
Creating the Polish e-commerce sector
“Embedded finance is quickly gaining traction, pushed by the sturdy demand from Polish SMEs who more and more favour flexibility and affordability in monetary providers,” Joanna Budzik Lister, YouLend’s nation head Poland provides.
“By combining our revenue-based financing options with Tpay’s superior fee system, we will collectively present on-line sellers with instruments that allow fast and versatile entry to capital. We imagine this partnership will convey actual, tangible advantages to Polish entrepreneurs, supporting their development and additional improvement within the agile e-commerce sector.”
“Offering YouLend’s financing choices to our Service provider Panel aligns with our enterprise philosophy of offering environment friendly, fashionable, and easy options. Our partnership reduces the financing utility timeline from weeks to hours. The method is absolutely digital, protected and requires no bodily paperwork. This value-added function saves our clients’ time, permitting them to deal with the expansion alternatives for his or her companies.” feedback Magdalena Stranz-Sobalkowska, chief industrial officer at Tpay.
