YouLend, a global finance platform, has closed a private securitisation deal with JP Morgan as a senior lender and Castlelake, L.P. providing subordinate debt. Based on this agreement, YouLend will be able to provide £4bn, in additional revenue-based financing to small and medium-sized enterprises (SMEs) across the EU and the UK.
The collaboration will provide underserved SMEs with additional funding and help bridging their funding gap.
