MUNICH, Oct. 18, 2022 /PRNewswire/ — Younited, the European banking licensed consumer credit platform established since 2008, and OneFor, have joined forces and established an exclusive partnership offering instant personal loans for individuals. OneFor, created in 2020, is an innovative digital finance and consumer money application that offers a wide range of services, including borderless family accounts with multiple connected debit cards, powered by Mastercard International.
The objective of this exclusive association is to take advantage of the synergies in the business-to-business area by taking advantage of the offers of the parties. This is achieved on the one hand by utilizing OneFor’s direct customer outreach, and on the other by the seamless journey of customers into the Younited environment with loan offers.
With this cooperation, OneFor goes a step further in expanding its product portfolio so that its customers can easily and transparently apply for an instant loan from Younited using the specially created digital application process. The amount of Younited loans ranges from 1,000 euros to 50,000 euros, with fixed interest rates and a repayment term of 6 to 84 months.
In an environment as fragmented as that of consumer commerce, the exclusive partnership between Younited and Onefor offers consumers much easier access, through the OneFor app, to Younited’s simple and transparent loans, which include a process fast approval and disbursement.
Michael Herrschlein, CEO of Younited Germany, explained: “Today more than ever families are always focused on managing their financial needs and sometimes face challenges. Whether buying or financing a property, a car or the necessary appliances, to educating children at home and abroad. The current economic environment has made the situation even more difficult. This is precisely why we consider the partnership with OneFor to be a very useful complement.”
Furthermore, Ilir Aliu, CEO of OneFor, confirmed: “As a fully digital financial services provider, OneFor is committed to offering its customers value-added services that truly solve a problem and make their daily lives easier. This launch of the installment loans in cooperation with Younited is a great example of using technology and collaboration to deliver true added value.In addition to account and transfer services, our customers, initially in Germany, can apply for a personal loan of up to 50,000 euros directly through the OneFor app and benefit from the fully digital application process and quick loan decision.”
About Younited
Younited SA is one of Europe’s leading instant credit providers. Constant innovation, cutting-edge technology and an exceptional user experience have allowed almost a million customers to have access to fast, simple, transparent and 100% digital credit from 1,000 to 50,000 euros and loan terms of up to 84 months. With offices in France, Germany, Italy, Spain and Portugal, Younited generates more than €2 billion GMV annually, with nearly 50% of its business outside of France, where it was founded. In 2021, the company received the EU Fintech Award. The company has started the process to become a certified B-Corp.
More information: https://www.younited-group.com
About OneFor
Germany-based OneFor Holding GmbH is an innovative fintech company that offers various digital money and financial applications and technical services, such as account, payment, trading, loan and card services. It has a partnership with Mastercard International that supports its offer of cards. OneFor enables a family account without borders, turning individual transactions into moments of connection, creating shared experiences and increasing financial inclusion that drives economic development. As a pan-European start-up, OneFor has teams in the Netherlands, Germany, Switzerland and several countries in South East Europe.
For more information, visit https://www.onefor.com
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