Lopay partnership news – London-based Lopay Partnership with YouLend

Through this cooperation, Lopay's Point of Sale (PoS) platform will incorporate access to cash, giving SMEs a competitive advantage in the UK market. Customers of Lopay will continue to get access to finance to address the ongoing cash flow issues that businesses confront, all while taking advantage of Lopay's competitive payment costs.

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By providing SMEs with instant offers based on their sales volumes in a matter of clicks and a digital application procedure that takes only minutes to complete, Lopay's cash advance feature will improve the customer experience. With this flexibility, Lopay hopes to free up firms from the drawn-out approval processes associated with traditional finance, enabling them to engage in expansion prospects, meet unforeseen costs, or simply improve cash flow.

Richard Carter, CEO & Founder of Lopay said, "We’re on a mission to be the all-in-one financial partner that truly supports our customers because we know that small businesses are the backbone of our economy,".

Within three months of the partnership's inception, Lopay has already contributed £1 million in funding, demonstrating the high need for working capital among UK companies.

The proprietor of Coggins Taxi Journey in London, Patrick O'Neill, is a shining example of how Lopay's cash advance solution has helped his company flourish. Patrick bought necessary auto components to maintain his fleet of taxis operating properly after getting flexible offers, which helped the company treble its income during the busiest summer months.

Richard Carter, Founder & CEO at Lopay further adds, “It is heartening to see the positive and very tangible impact of YouLend’s financing solution in boosting our value proposition and solving the core problems of our customers: cash flow issues and access to capital.

It was simple to decide to work with YouLend as a partner. Since time is of the essence, their quick assessment of creditworthiness is crucial to our mission of offering dependable financial solutions that let companies expand as quickly and widely as they like. Both businesses will keep making investments to create the best and most scalable solution for Lopay's growing customer base as their relationship grows.

Daniel Sinclair-Taylor, Strategic Partnerships UK & Europe at YouLend, comments, “We have already seen impressive and evergreen business results from the partnership, bringing on significant revenue and retention benefits to Lopay’s platform. Most importantly, it has been a game-changer for their customers who are now effortlessly investing in their growth.”

About YouLend

For numerous globally renowned e-commerce and payment systems, including Amazon, eBay, Shopify, Dojo, Google, Just Eat Takeaway, and Takepayments, YouLend is the go-to global embedded finance platform. Their partners may provide customizable lending options to their merchant base with their software platform and APIs, all under their own branding.