AdvertisementAdvertisementBusiness09 Oct 2025 10:51PM (Updated: 09 Oct 2025 10:57PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Fintech firm Younited, which provides personal loans and credit, announced it secured a 400 million euros ($464.48 million) warehouse financing facility with U.S. bank Citi, backed by French and Italian consumer loans.Warehouse financing is a short-term financing option in which businesses can use their inventory as collateral.WHY IT'S IMPORTANT:Younited's latest financing comes as Europe tries to free up more capital for lending and boost its underdeveloped securitisation market in order to spur sluggish economic growth.Moreover, in recent years, fintech companies and neo-banks, with their digital technologies, have gained market share from older, more established players.KEY QUOTE:"The signing of this warehouse financing facility complements Younited's significant retail deposit funding base and provides significant diversification, while adding balance-sheet flexibility towards continued regular use of the public ABS (asset-backed securities) market for refinancing transactions," said Xavier Pierart, Deputy CEO of Younited.($1 = 0.8612 euros)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST