Announcement • Jun 18
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 • Mar 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 84% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 84% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Breakeven Date Change • Mar 09
Forecast to breakeven in 2026 The analyst covering Younited Financial expects the company to break even for the first time. New forecast suggests the company will make a profit of €13.3m in 2026. Average annual earnings growth of 52% is required to achieve expected profit on schedule. 
