YouLend and Verifone team up on merchant financing

Verifone is expanding its reach into the merchant financing space through a new partnership with YouLend. This move integrates financing options directly into the payment systems you likely already use to process credit cards. For retailers and operators, this means the barrier to securing working capital is getting significantly lower. Instead of dealing with traditional bank loan applications that require mountains of paperwork and weeks of waiting, this partnership focuses on 'embedded finance.' The technology allows the payment terminal to act as a gateway to funding. Because Verifone processes your sales data, YouLend can assess your business's health in real-time. This results in faster approvals and funding based on your actual revenue rather than just a credit score. For convenience stores and fuel retailers, this capital can be deployed quickly for inventory spikes, equipment repairs, or site upgrades. The repayment structures are typically flexible, often scaling up or down based on your daily sales volume. This partnership signals a broader trend: your payment processor is no longer just a utility for taking money, but a primary source for borrowing it.

Source: Finextra — Lending

← Return to the library· Submit a correction