Payment technology provider Dojo has achieved a major milestone by providing small and medium-sized enterprises (SMEs) with more than £1bn in funding.
This was possible through the help of its long-standing partnership with global embedded financing platform YouLend. Over the past four years, the partnership has provided financing to more than 20,000 businesses.
Neil Richards, General Manager of Business Funding at Dojo, commented: “Dojo’s partnership with YouLend has enabled Dojo 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 integration reinforces Dojo’s position as a leading payments provider in today’s dynamic fintech landscape.”
The partnership enables Dojo to seamlessly integrate YouLend’s financing solutions into its payments platform, giving customers access to business funding directly through their existing interface.
In just a few clicks, businesses can apply for funding up to £1m and receive tailored offers within 24 hours. YouLend’s streamlined revenue-based repayment process allows SMEs to pay back a fixed percentage of future sales, offering the flexibility to make larger repayments during peak revenue times and smaller payments when sales slow down.
Dojo and YouLend are united in their mission to empower SMEs to tackle cash flow challenges and navigate the hurdles of business financing.
Following the £1bn milestone, the two fintechs will continue to scale their partnership and expand business funding to new European markets this year.
Jakob Pethick, Chief Commercial Officer at YouLend, added: “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.”
