European Instant Credit Provider, Younited, Reports Solid Growth, Focused on Business Expansion

Younited, the instant credit provider in Europe, is focused on accelerating its growth trajectory after a “record” 2021 and expects to reach 5 billion euros cumulative GMV in 2022.

As noted in an update shared with CI, Younited achieved solid growth last year, with an annualized GMV increase of over 140%, to 1.2 billion euros, of which “close to 50% outside France.”

Younited is now “to reach the 5 billion euros cumulative GMV milestone in 2022. Annualized revenues exceed 150 million euros in 2021.”

Charles Egly, CEO and co-founder of Younited, stated:

“The exceptional pace of our development demonstrates the perfect match between our instant credit offer and the exponential needs of the e-economy in Europe. E-consumers want an instant, simple experience, whether at checkout on e-shops or directly on our e-credit platform. This is a major behavioral change. Today, we are proud to be the leader in serving this rapidly increasing demand, and growing our community of customers every day, with an unparalleled level of satisfaction and loyalty.”

Geoffroy Guigou, COO and co-founder of Younited, added:

“2021 marks a major inflection point in our hypergrowth trajectory. We have demonstrated that our deployment model by country and by sector vertical offers exceptional acceleration opportunities in Europe. We have become the instant credit partner of choice in electronics, telcos and neo-banks by deploying our plug-and-play technology in a fully integrated manner on partners’ sites, like Apple Premium Resellers, Microsoft and Orange. We intend to replicate this success in other high-potential business sectors, like the circular economy, to continue to accelerate our pace of growth.”

Younited’s team of 500 professionals across France, Germany, Italy, Spain and Portugal, bring “the energy, enthusiasm and expertise required for the company to continue building on its success.”

To further support the firm’s growth path, the management team was “strengthened with exceptional talents in 2021.”

Younited is pleased to welcome:

  • François de Bodinat, Chief Product Officer – ZeroLight, Amazon, Dassault Systèmes
  • Solène Claoué, Chief Brand Officer – Heetch, Rocket Internet, Mars, Wrigley
  • Tommaso Gamaleri, Head of Europe – Admiral Group, Bain & Co
  • Pierre-Marin Campenon, Managing Director Partnerships

This year, Younited’s GMV is “expected to grow substantially and reach more than 2 billion euros.” The Younited customers community is “following the same trend: the milestone of one million users should be reached in 2022.”

In less than 5 years, Younited has become “the leader in instant credit in 5 countries representing 60% of the European market, with close to half of its GMV outside of France.”

This expansion of its European presence is “the result of Younited’s decision from the start to opt for their strategic regulatory positioning.” As an EU-approved regulated credit institution, Younited can “deploy its instant credit technology in 30 European countries.”

A key priority of Younited is “to continue expanding into new European geographies.” With three new countries in the next three years, Younited will “serve 80% of the European market by 2025.”

Younited’s growth is also “accelerated by the multiplier effect of their partnerships with major e commerce players, with a fully integrated plug and play credit solution of up to 50,000 euros and 84 months of maturity.”

Leveraging its position in instant credit in electronics, telcos and neo banks, Younited is now “expanding into new high added value market sectors, such as home furnishings, luxury, travel, mobility and the circular economy.”

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