Tpay and YouLend Join Forces to Support Polish SME E-commerce Sector

Helping Polish entrepreneurs and small business owners have immediate access to flexible, revenue-based financing to grow the country’s e-commerce market, YouLend, the embedded finance platform, has partnered with Polish payments service operator, Tpay. 

Polish small and medium-sized businesses (SMEs) like working capital finance as a source of external finance as it ensures a greater flexibility of operation. Additionally, it enables faster adaptation to economic conditions, and lower cost of financing according to an OCED Financing Report. YouLend is perfectly positioned to meet this demand, offering business owners the convenience they need that traditional options could not provide.

The partnership enables Tpay to implement YouLend‘s embedded financing solution. This will provide Polish customers with convenient and tailored funding solutions without the lengthy approval processes typically associated with traditional funding options.

The feature enables business owners to secure financing in just a few clicks through a streamlined digital application journey that takes a few minutes to complete. Approval usually takes 24-48 hours. However, once approved, the businesses can use the capital to invest in growth opportunities, cover unexpected expenses, purchase inventory, or simply enhance cash flow.

Businesses can repay the financing through a small percentage of their future sales. In turn, this ensures flexibility and protection during periods when they generate lower revenues.

Developing the Polish e-commerce sector

“Embedded finance is rapidly gaining traction, driven by the strong demand from Polish SMEs who increasingly favour flexibility and affordability in financial services,” Joanna Budzik Lister, YouLend’s country head Poland adds.

“By combining our revenue-based financing solutions with Tpay’s advanced payment system, we can jointly provide online sellers with tools that enable quick and flexible access to capital. We believe this partnership will bring real, tangible benefits to Polish entrepreneurs, supporting their growth and further development in the agile e-commerce sector.”

“Providing YouLend’s financing options to our Merchant Panel aligns with our business philosophy of providing efficient, modern, and simple solutions. Our partnership reduces the financing application timeline from weeks to hours. The process is fully digital, safe and requires no physical paperwork. This value-added feature saves our customers’ time, allowing them to focus on the growth opportunities for their businesses.” comments Magdalena Stranz-Sobalkowska, chief commercial officer at Tpay.