Announcement • Jun 19
Younited Launches Next-Generation Cashback Program in France Younited announced the launch of a new cashback program designed to deliver immediate purchasing power, powered by Open Banking and data. With this new program, Younited continues to pursue its ambition to develop simple, useful, and accessible financial services that help consumers better manage their money. Younited addresses this directly by enabling users to recover part of their expenses in the form of cash rewards, paid directly in euros. The Younited cashback program is built on a simple, straightforward model, with no complex mechanisms or point-based systems, offering benefits that are both clear and immediately available. Within a few months of launch, the program will include more than 150 partner brands, some offering exclusive deals across key consumer categories such as groceries, e-commerce, consumer electronics, travel and services. Cashback rates will typically range between 5% and 15%. The program is designed to integrate seamlessly into everyday habits, supported by a diverse range of partners including Vorwerk-Thermomix, HelloFresh, Emma, Deezer and Carrefour. By leveraging transaction data from users’ bank account history (via Open Banking), Younited is able to deliver offers that match actual spending patterns, maximizing both relevance and usefulness. Designed to be widely accessible with no income requirements and no constraints on payment methods, the program aims to reach a broad audience at a time when cashback is becoming an increasingly popular way for European consumers to optimize their everyday budgets. For users, the program can deliver several hundred euros in potential savings per year, through a simple, transparent and fully monetized experience. This launch marks a new phase in Younited’s expansion beyond its historical core business of instant consumer credit. Following its IPO on Euronext in December 2024, which saw the company raise EUR 153 million, and the acquisition of helios to develop a current account and payment offering, Younited continues to build a broader financial ecosystem designed to support consumers in the day-to-day management of their finances. With this cashback program, Younited is adding a new layer to this ecosystem delivering simple, useful and value-creating services for both consumers and merchants. This launch also highlights Younited’s ability to leverage its technology, data, customer base and partnerships with leading brands to position itself as a key player in everyday financial services. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Sep 21
New major risk - Revenue and earnings growth Earnings have declined by 6.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. 