The Preapproval API allows YouLend partners to generate funding offers in real time for your merchants, based on their payment data. Based on this anonymised sales history for your merchants, YouLend can generate firm offers which are subject to credit and KYC checks.
The typical flow using this journey is as follows:
- Partner regularly sends anonymised payment data for all eligible merchants to YouLend via Generate preapproved offers endpoint
- YouLend use their credit risk models to provide offers for merchants
- Partner markets these firm offers to merchants
- When a merchant chooses an offer, merchant business details are sent to YouLend via API
- YouLend run automated bureau and KYC checks to confirm or rescind the offer
- YouLend disburse the funds in as little as an hour