Youlend secures $1 billion financing facility

British embedded lending infrastructure provider Youlend has announced a new $1 billion financing facility from Castlelake (Finextra). The global alternative investment firm Castlelake has supported Youlend in Europe already with subordinate debt in 2023 via it’s private securitisation deal with J.P. Morgan. The new partnership is solely focused on the US, where Youlend has announced new strategic partnerships with Etsy, FreshBooks, and Paysafe. At the same time, Youlend’s British fintech partner Dojo announced that it has extended over £1 billion in funding to British SME’s since the launch of the cooperation in 2020 (Fintech Finance News).