AI and IoT: Millions for French crowdlending platform

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AI and IoT: Millions for French crowdlending platform

French startup Younited Credit, Europe’s biggest crowdlending platform, has raised $47.8 million (€40 million) in venture capital. The company is active in France, Spain, and Italy and has announced plans to expand ino other European countries.

Through Younited Credit, consumers can borrow anything between $1,200 and $48,000 (€1,000 and €40,000) without talking to an actual bank. 40 percent of borrowers ask for a small amount between $1,200 and $3,600 (€1,000 and €3,000). Users can also lend money themselves.

So far, Younited Credit has managed the equivalent of $600 million in loans (€500 million), including $300 million in the last 12 months alone (€250 million). The new funding round comes from existing investors Eurazeo, Crédit Mutuel Arkéa, AG2R La Mondiale and Weber Investissements. Matmut Innovation and Zencap Asset Management also invested. Bpifrance is investing in the company for the first time though its Large Venture fund.

AI and IoT: Geoffray Guigou co-founder, Younited Credit

Geoffray Guigou co-founder, Younited Credit


There are currently 60 data scientists working for Younited Credit to optimize the product. Recently, engineers have been using machine learning to train the credit scoring algorithm. The startup switched to this new AI-powered model to determine your credit worthiness. Younited Credit is thinking about other areas that can be optimized thanks to machine learning.

Information: Younited Credit,

Author: Tim Cole

Image Credit: Younited Credit

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