Younited Credit : the platform the most promising in Europe ?

Yes we are to believe the multitude of investors it attracts. Yesterday, the investment company Eurazeo, the group banking and insurance, Crédit Mutuel Arkéa, the social protection group AG2R La Mondiale and the holding of the two founders of the Financial of the Exchequer, Weber Investment. Today, the public investment bank Bpifrance, the group Matmut and the company management Zencap Asset Management. All this beautiful world has to allow Younited Credit of up to 40 million€. That is, «the largest fundraising fintech in Europe» ! Having raised 103 million€ since its inception, the start-up ensures tomorrows that sing !

Younited CreditQui is Younited Credit ?

Created in 2010 under the name of Loan Union, Younited Credit is a crowdfunding platform, that specializes in credit collaborative. In other words, «professional» investors who lend to individuals.

The investors are qualified as «professional» from the moment they «have the experience, knowledge and expertise to make their own investment decisions and properly assess the risks incurred» (article L. 533-16 of the monetary and financial Code) – can it be read on the website of Younited Credit.

In other words – as stated in the editorial of the site – the platform is only open to investors (individuals, but also legal persons : companies, insurers, foundations, pension funds, etc) – who meet at least 2 of the following conditions :

  • Be active on the stock markets for own account or for the account of third parties
  • Have worked at least one year in a position related to corporate finance, market finance, banking or insurance
  • have a financial wealth of at least 500 000 €

Licensed as a credit institution by the ACPR, in September 2011, the platform offers individuals loans to depreciable fixed rate for amounts between 1 000 and € 40 000 €, with durations of 2 to 6 years of age.

The release of Younited Credit we also learn that the loans of » a small amount (from 1 000 to 3 000 euros) represent close to 40 % of the loans funded on the platform. In this segment, the APR of Younited Credit are extremely competitive, and enable households to free themselves of revolving credit «.

The active base in France only, the platform Younited Credit was launched in Italy in 2016 – by which time she also changed her name – and in Spain in march 2017. In the 3 european countries that it covers, the platform has enabled us to fund over half a billion euros of credits to 72 000 households «.

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Crowdfunding : a market dominated by Loan Union (Younited Credit) ?

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That is going to make Younited Credit of its 40 million d’€ ?

Younited Credit account conquer other european countries. Thus, a launch in 4 new countries by 2019 would be considered.

Furthermore, a strengthening of the «investment in the development of its underwriting technologies, data processing and credit analysis» would be the order of the day according to

For, Younited Credit would be based on » artificial intelligence to develop algorithms that filter out ever more effectively the requests for appropriations of all individuals.» According to Charles Egly – co-founder of Younited Credit – quoted by the business newspaper, » today we can validate a credit application in less than 24 hours. We want to spend at least 6 hours, by 12 months. It is necessary to optimize the work of credit analysts so that they are not wasting time on bad records «.

And you, have you ever asked for a credit on the platform Younited Credit ? Do you intend to ? Tell us your experience by leaving a comment right under the article !

Neil Bensouda



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