Dojo is significantly expanding its collaboration with YouLend, a leading global embedded financing platform, to provide enhanced financial solutions to small and medium-sized enterprises (SMEs). This partnership enables Dojo to integrate YouLend’s innovative financing solutions directly into its payments platform, facilitating a seamless experience for customers seeking business funding.
Through this integration, businesses can apply for funding of up to £1 million and receive tailored financing offers within a swift 24-hour timeframe. This efficient application process is designed to meet the urgent capital needs of SMEs, allowing them to secure the necessary funds to fuel their growth ambitions without unnecessary delays.
One of the standout features of YouLend’s offering is its revenue-based repayment model, which allows SMEs to repay a fixed percentage of their future sales. This flexible approach to repayments is particularly advantageous for businesses operating in fluctuating markets, as it enables them to make larger repayments during peak revenue periods while reducing payment amounts when sales slow down. This adaptability is critical for many SMEs, as it allows them to manage their cash flow more effectively and respond to changing market conditions without the added stress of rigid repayment schedules.
Jakob Pethick, Chief Commercial Officer at YouLend, commented on the significance of this partnership, stating, “This milestone proves YouLend’s strong commitment to delivering a world-class experience for our partners and their merchants. Our success with Dojo demonstrates just how strong the demand from small businesses is for timely, accessible capital. Together, we’ve provided essential financing to tens of thousands of businesses, empowering them to pursue ambitious goals and make a meaningful impact on society.” This sentiment underscores the importance of accessible financing in supporting the ambitions of SMEs, which are often the backbone of the economy.
Neil Richards, General Manager of Business Funding at Dojo, added, “Dojo’s partnership with YouLend has enabled us to help SMEs thrive in the experience economy. With financing applications available in minutes through the Dojo app and funds often accessible within two business days, we’re delivering agile, customer-centric solutions that fuel growth and operational flexibility.” This statement highlights Dojo’s commitment to being at the forefront of fintech innovation, ensuring that its services meet the evolving needs of businesses in today’s fast-paced environment.
Following the recent achievement of a £1 billion milestone in funding facilitated through their partnership, Dojo and YouLend are poised to scale their collaboration even further. They plan to expand their business funding services into new European markets throughout the year, enhancing their reach and impact. This expansion aligns with the increasing demand for accessible financing solutions that support SMEs as they navigate the complexities of the modern economic landscape.
Overall, this partnership represents a strategic move to empower SMEs with the financial tools they need to succeed, reflecting a broader trend within the fintech industry to prioritize customer-centric solutions that foster growth and sustainability in the experience economy. By combining Dojo’s robust payments infrastructure with YouLend’s flexible financing options, the two companies are well-positioned to lead the way in providing innovative funding solutions that address the unique challenges faced by today’s businesses.