Finance
Fintech company Younited strikes 400 million euros warehouse financing facility
Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Younited secures a €400M warehouse financing facility with Citi, backed by French and Italian loans, aiming to boost Europe's securitisation market.
(Reuters) -Fintech firm Younited, which provides personal loans and credit, announced it secured a 400 million euros ($464.48 million) warehouse financing facility with U.S. bank Citi, backed by French and Italian consumer loans.
Warehouse financing is a short-term financing option in which businesses can use their inventory as collateral.
WHY IT'S IMPORTANT:
Younited's latest financing comes as Europe tries to free up more capital for lending and boost its underdeveloped securitisation market in order to spur sluggish economic growth.
Moreover, in recent years, fintech companies and neo-banks, with their digital technologies, have gained market share from older, more established players.
KEY QUOTE:
"The signing of this warehouse financing facility complements Younited's significant retail deposit funding base and provides significant diversification, while adding balance-sheet flexibility towards continued regular use of the public ABS (asset-backed securities) market for refinancing transactions," said Xavier Pierart, Deputy CEO of Younited.
($1 = 0.8612 euros)
(Reporting by Sudip Kar-Gupta; Editing by Vijay Kishore)
Asset-backed securities (ABS) are financial instruments backed by a pool of assets, such as loans or receivables, that generate cash flow, providing investors with returns.
Fintech companies leverage technology to provide financial services, often improving efficiency and customer experience compared to traditional banking institutions.
Economic growth refers to the increase in the production of goods and services in an economy over time, typically measured by the rise in Gross Domestic Product (GDP).
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