Lopay announced a partnership with YouLend to offer financing solutions for UK SMEs

Lopay has announced a strategic partnership with YouLend to offer financing support to small and medium-sized enterprises (SMEs) in the UK. Through this collaboration, Lopay will integrate access to capital into its POS platform, enabling nearly 40,000 SMEs to gain a competitive edge. The partnership aims to provide flexible and affordable business financing, helping companies alleviate cash flow challenges and invest in growth opportunities.

Lopay's cash advance feature, which offers funds based on sales volumes through a quick digital application process, is a key component of this initiative. Within three months of launching the collaboration, Lopay provided GBP 1 million in funding to small businesses, highlighting the significant demand for working capital. Lopay representatives emphasized that YouLend's rapid creditworthiness assessments align with their goal of delivering reliable financial solutions. Both companies plan to expand their partnership to develop scalable solutions that meet the evolving needs of Lopay's customer base.

Source: The Paypers