Younited Credit has actually just exceeded 100,000 in loans since platform beginning. The Paris based online lending institution(formerly called Pret d’Union)reported an accelerating rate of loan originations as the number has actually doubled considering that September 2016 when total loans stood at 50,000. The platform offers loans from EUR1000 to EUR 40,000. To date, Younited Credit has actually originated over EUR 650 million in loans.Since its industrial launch in early 2012, Younited Credit has considerably stepped up the speed of credit funding: the first month of launch in January 2012, 24 loans were funded on its platform. Less than a year later, the Fintech has exceeded the 1000 funded loans (November 2012) and took only two and a half years to surpass the 10,000 loans stemmed (July 2014).
Younited Credit is readily available in all nations in the European Economic Location as part of the European Banking Union push. Younited Credit has opened its public funds approval, gathering term deposits from German and Austrian investors in 2015. This was followed by the launch of customer credit in Italy in April 2016, then in Spain from March 2017.
In November 2017, France represented 78% of funded loans, Italy 15%, Spain 7%. These 2 countries are establishing rapidly as 2.5 X more loans were funded in Spain or Italy throughout the very first 6 months of activity in contrast to France. Customer satisfaction remains high: Younited Credit gets a rating of 9.2/ 10 on Trustpilot.
“Reaching the turning point of 100,000 funded loans is huge satisfaction for our groups in Paris, Rome and Barcelona! We are much more pleased with our client satisfaction level and commitment: over 25% of them sign a second loan in 24 months after the first funding. This demonstrates that our quick credit (action 24), 1005 signature online, and competitive rates reacts to the expectations of European consumers,” commented Geoffrey Guigou, CEO and co-founder of Younited Credit.
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