European Credit Provider Younited Reaches Milestone of €200M in Annual Revenue in H1 2022

Younited, the instant credit provider in Europe, provides European households – in France, Italy, Spain, Portugal, and Germany – with financing solutions “for projects and purchases up to 50,000 euros.”

This milestone is the “best proof” of the relevance of Younited’s offer to its customers:

  • A seamless UX and instant decision, removing the frictions of classic journeys
  • An omni-channel distribution offering its solutions on Direct-to-Consumer online channels and
    Via Partners, in point-of-sale and online
  • A responsible DNA, offering amortizing credits only, the most transparent, fair, and protective credit product for European households

Younited reached the new milestone of €200m of annual revenue run-rate “in H1 2022, a +82% growth compared to the prior year.”

This confirms the company’s continued growth profile “after a +119% GMV growth and +81% net revenue3 growth in 2021full-year.”

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

“The exceptional pace of our development testifies to the perfect match between our instant credit offer and the exponential needs of the e-economy in Europe. Today’s consumers want more immediacy, more  simplicity, whether they are making a purchase at a merchant or obtaining credit directly on our platform. This is a major behavioral change. Today, we are proud to be the leader in serving this rapidly growing demand and growing our customer community every day, with an unparalleled level of satisfaction and loyalty.”

Younited, which has always been on a mission to simplify the credit industry and make it more transparent for its customers, is “rolling-out its instant credit product.”

Based on open banking – the possibility for customers to opt for sharing their bank details – this product “offers the simplest journey and a decision in seconds.”

The company “launched it for PoS loans Via Merchant Partners in 2018, rolled it out to its Direct-toConsumers (DTC) channel in France in Q4 2021 and is now rolling it out to Spain in Q4 2022 and Italy, Portugal, and Germany in 2023.”

It today accounts “for c. 40% of credits financed through France DTC channel, with a target of 80% by end 2023.”

Launched in Q4 2018, this solution “offers the possibility for Partners to use Younited credit technologies and expertise for the benefit of their clients.”

Merchants can deploy, in a matter of days, “a new financing solution for baskets up to €50,000 and terms up to 84 months, with a seamless journey for the purchaser and all the customer protection guarantees offered by a regulated amortizing credit.”

Financial institutions can “offer, also in a matter of days, a new credit product on their platforms, leveraging 10+ years of Younited expertise.” Both solutions are available in point-of-sale and online “with the same frictionless journey.”

Via Partners GMV “quadrupled in 2021 and is expected to almost double in 2022.”

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

“2022 marks a major inflection in our Via Partners channel growth. We have demonstrated that our deployment model by country and by industry vertical offers exceptional acceleration opportunities in Europe. We have become the leading instant credit partner in electronics, telecom, and neo-banking industries by deploying our plug and play technology in a fully integrated way on the platforms of our partners, such as Apple Premium Resellers, Microsoft, Bouygues Telecom and Orange. We intend to replicate these successes in other high-potential verticals to continue to accelerate our pace of growth.”

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