Younited becomes unicorn

 In News, Unicorns

Younited, the instant loan fintech which has operations in Portugal has just raised €60 million to achieve unicorn status.

“This investment round will enable the company to continue to develop and expand its ‘instantaneous credit and open banking solutions, as well as developing its ‘partnerships’ channel in all of the geographical areas in which it operates; Italy, Spain, Portugal and Germany.
The recent investment round will bring the company’s value to €1.1Bn and unicorn status. The round involved Eurazeo, Credit Mutuel Arkéa, and Bpifrance through its fund ‘Large Venture’, and Goldman Sachs.
Younited also revealed its results for 2022 and says it will make €190 million in revenues, an increase of 54% on 2021.
The company’s growth was driven by ‘direct to consumer’ that grew 50% on the previous year as well as ‘partnerships’ that grew 185%.