Younited Credit passes €1bn of lending

The platform has also expanded its B2B activity and has partnered with a number of disruptors and incumbents.

Younited Credit, the French consumer lending platform, has launched its ‘Credit-as-a-service’ offering resulting insigning numerous technological partnerships with leading European players.

This, the firm says, has helped it originate more than €1bn of loans since its commercial launch in early 2012 in Europe, by enabling traditional banks and other non-banks (insurers, telcos, e-merchants and payment service providers) to launch a consumer loan business.

Younited Credit supplies its proprietary technologies via APIs. Clients include BPIfrance (a French public bank), German neo-bank N26, Italian car insurer Admiral-ConTe  and the internet provider Iliad-Free.

The firm reached 500 million euros in the second quarter of 2017. One and a half year later, in the last quarter of 2018, Younited Credit broke through the threshold of one billion euro of originated loans since inception, it says.

“Younited Credit holds its own Credit Institution ECB-license and is the only platform to operate on a pan-European level, with operations in 6 countries and already 40 per cent of volumes generated outside of France”, said Charles Egly, co-founder and CEO.