Embedded Financing Spurs 50% Growth in SMBs

Article Highlights
Off On

Recent data from YouLend, a global leader in embedded finance, reveals significant impacts for small and medium-sized businesses (SMBs) utilizing its financing solutions. According to the findings, SMBs that secured funding through YouLend’s partnerships with e-commerce, payments, and tech platforms saw sales increases ranging from 25% to 50% within six months. This fast and flexible access to capital allows businesses to pursue essential growth activities such as hiring staff, purchasing inventory, and initiating marketing campaigns. The survey conducted across the UK, Europe, and the US involved thousands of recipients and detailed the strategic allocation of funds, with 31% dedicated to supporting cash flow, 25% for inventory procurement, 23% for upgrading business premises, 11% for staff wages, and 10% allocated for marketing endeavors. Francisco Rubistein Bosch, YouLend’s VP of Growth, emphasized that these financing options enable substantial growth opportunities for businesses and partners alike. Beyond benefiting individual enterprises, YouLend’s strategic partners experience an 80% increase in merchant retention and a 40% boost in customer lifetime value. Embedded finance solutions, seamlessly integrated within existing platforms, streamline the funding application process, with offers presented the same day. The overall impact includes the support of underrepresented businesses and job creation, with twice as many female-owned businesses applying for such financing compared to industry averages. This trend promises meaningful macroeconomic benefits and showcases the transformative potential of embedded finance in driving business growth and economic development.

Explore more

Is Fashion Tech the Future of Sustainable Style?

The fashion industry is witnessing an unprecedented transformation, marked by the fusion of cutting-edge technology with traditional design processes. This intersection, often termed “fashion tech,” is reshaping the creative landscape of fashion, altering the way clothing is designed, produced, and consumed. As new technologies like artificial intelligence, augmented reality, and blockchain become integral to the fashion ecosystem, the industry is

Can Ghana Gain Control Over Its Digital Payment Systems?

Ghana’s digital payment systems have undergone a remarkable evolution over recent years. Despite this dynamic progress, the country stands at a crossroads, faced with profound challenges and opportunities to enhance control over these systems. Mobile Money, a dominant aspect of the financial landscape, has achieved widespread adoption, especially among those who previously lacked access to traditional banking infrastructure. With over

Can AI Data Storage Balance Growth and Sustainability?

The exponential growth of artificial intelligence has ushered in a new era of data dynamics, where the demand for data storage has reached unprecedented heights, posing significant challenges for the tech industry. Seagate Technology Holdings Plc, a prominent player in data storage solutions, has sounded an alarm about the looming data center carbon crisis driven by AI’s insatiable appetite for

Revolutionizing Data Centers: The Rise of Liquid Cooling

The substantial shift in how data centers approach cooling has become increasingly apparent as the demand for advanced technologies, such as artificial intelligence and high-performance computing, continues to escalate. Data centers are the backbone of modern digital infrastructure, yet their capacity to handle the immense power density required to drive contemporary applications is hampered by traditional cooling methods. Air-based cooling

Harness AI Power in Your Marketing Strategy for Success

As the digital landscape evolves at an unprecedented rate, businesses find themselves at the crossroads of technological innovation and customer engagement. Artificial intelligence (AI) stands at the forefront of this revolution, offering robust solutions that blend machine learning, natural language processing, and big data analytics to enhance marketing strategies. Today, marketers are increasingly adopting AI-driven tools and methodologies to optimize