kompasbank partners with YouLend, opening access to revenue-based financing for Danish SMEs
As the first bank in Denmark to partner with YouLend – one of Europe’s leading platforms for revenue-based financing – kompasbank now gives micro and small businesses access to a form of financing that has so far been hard to find in Denmark: flexible capital of up to DKK 500,000, no interest, and repayments that follow your turnover.
Many of Denmark’s smallest businesses – such as cafés, shops, kiosks, hairdressers and service providers – often have financing needs that do not quite fit a conventional business loan or a line of credit – both of which can take several months to approve. The need is either too small or arises suddenly, and the business rarely has assets to offer as collateral. As a result, owners either turn down growth opportunities, or take out a personal loan to fund them.
The partnership between kompasbank and YouLend changes that. Businesses that accept card payments and have at least three months of trading history can now apply for financing of DKK 5,000–500,000 directly through kompasbank. The financing is provided by YouLend, which makes the capital available and handles repayment automatically as a fixed percentage of daily card sales.
Financing that follows your business
The model is built for businesses that sell continuously via card payments and experience seasonal fluctuations. There is no interest – only a single fixed fee agreed upfront, so the total cost is known from day one. Repayments rise automatically when turnover is high and fall during quieter periods. No collateral is required.
YouLend currently operates in ten countries and has, since 2016, provided financing to more than 400,000 businesses through partnerships with banks, payment platforms and e-commerce platforms. kompasbank is the first bank in Denmark to integrate YouLend’s solution as a dedicated part of its financing offering.
"YouLend has had strong ties to Denmark since its inception, and our partnership with kompasbank continues to reinforce the need to serve Danish SMEs with a world-class capital solution," says Daniel Sinclair Taylor, Country Head UK and Ireland at YouLend. "For far too long, Danish small businesses have been stuck with slow and rigid financing processes, or none at all. YouLend is proud to be amongst the pioneers helping to change that."
A new segment, a new product
kompasbank's own business loans typically cover financing needs from DKK 2–3 million up to DKK 25 million – built for larger, long-term investments in the upper part of the SME segment. But where the need is smaller and has to be met quickly, the Danish market has lacked a real alternative. The YouLend partnership fills that gap with a product built for micro and small businesses whose financing needs typically look different from those of larger companies.
Henrik Larsen, Head of Direct SME and Deposit Sales at kompasbank, says:
We are the first bank in Denmark to open up this opportunity for Danish SMEs. Revenue-based financing is a proven and fast-growing model internationally, but in Denmark it has not yet been widely available. We don’t turn away our customers when their needs don’t fit our own products. We point them in the right direction – and with YouLend, we now have a strong foundation to do exactly that.
Getting started
Businesses can apply for revenue-based financing via YouLend here.
About YouLend
YouLend is a global embedded financing platform that partners with banks, payment platforms and e-commerce platforms across the UK, Europe and the USA. To date, YouLend has partnered with platforms such as Amazon, Stripe, eBay, Dojo, Qonto, Etsy and Just Eat Takeaway.com to support more than 400,000 small businesses worldwide. Read more at youlend.com.
About kompasbank
At kompasbank, we are building a new kind of business bank – designed to meet the needs of small and medium-sized enterprises (SMEs) across Europe. With a digital-first, technology-driven approach, we focus on fast, flexible, and scalable financial solutions that empower SMEs to reach their full potential. Since launching in 2021, we have expanded across Denmark, Germany, and Spain, achieving 1,150% growth and earning top rankings on the Sifted lists, along with the title Best Bank for SMEs – Denmark 2024 by FDI Insider. Read more at kompasbank.dk.
