OnBuy teams with YouLend to offer sellers on its online platform access to flexible financing
UK online marketplace OnBuy has partnered with embedded financing platform YouLend.
As a result, business customers can apply for financing from £3,000 to £1,000,000, depending on eligibility, through their existing OnBuy seller account. The funds are available to spend on any business purpose.
There are no fixed monthly repayments. Instead, the funding is repaid by a small amount each time the seller makes a sale on OnBuy.
OnBuy’s Founder and CEO, Cas Paton, says: “We are more committed than ever to transforming the online retail experience, and that’s why our partnership with YouLend is so important.”
“We pride ourselves on working with our sellers and championing their success, and teaming up with YouLend is just another example of how seriously we take this mission.”
“Whether our retailers are looking to invest in stock, increase their cash flow, or simply scale their business, we want to make it easier for them to get the support they need, when they need it most – and that’s exactly what this financing solution will do. We can’t wait to see how much of an impact it has on our sellers’ growth.”
Luuk Visschedijk, Global Head of Partnerships at YouLend, says: “Our mission is to extend financing to as many businesses as possible via global e-commerce platforms, payment service providers, banks, and tech platforms.”
“We recognise that SMEs often struggle to access the capital they need to grow their business; hence, we are very happy to support OnBuy sellers with fast, flexible, and affordable financing.”
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