YouLend powers Bolt Food Finance in Poland

Bolt Food launches Bolt Food Finance, a financing programme to empower small and medium businesses with simple, fast, and flexible cash advances in partnership with YouLend. Bolt Food Finance will help small and medium businesses on the platform take control of their finances and invest in the growth of their business. 

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With Bolt Food Finance, businesses will benefit from a simple application process, a custom financing offer based on sales history, access to funds within 24 hours of acceptance, and flexible payments based on a fixed percentage of their Bolt Food earnings, all without hidden costs or interests, providing clarity and predictability.

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Eligible Bolt Food partners will receive an email with everything they need to do to apply for Bolt Food financing. The process is simple and can be completed digitally. Bolt Food partners can apply for financing up to PLN 500,000. They’ll then receive details about the onboarding process and should have access to their funds within 24 hours of acceptance, paying back the amount as a fixed percentage of their daily sales. If sales are low, the repayment amount decreases proportionally. This flexibility ensures businesses are free of fixed payments during slower periods.

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Bolt Food Finance joins Bolt Food’s existing solutions that help businesses of all sizes grow and reach more customers. For example, Bolt Food marketing campaign tools help them reach even more customers with promotions by accessing the whole Bolt Food customer base. In addition to providing access to new customers, Bolt Food data also helps generate meaningful insights to inform business decision-making based on customers’ needs.

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Ivan Grynchuk, Regional Manager at Bolt Food said: “At Bolt Food, 50% of our partners are small and medium businesses, and we know they can often experience more challenges when it comes to securing much-needed financing to invest in growth. That’s why we’re launching Bolt Food Finance cash advances in partnership with YouLend to help them tackle these unique challenges. Whether it’s for refurbishment, unexpected supplier costs, coping with seasonal demand or marketing efforts, simple, fast, and flexible financing is now available to help our partners in Poland take control of their finances and invest in the growth of their business.”

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Jakob Pethick, Chief Commercial Officer at YouLend], said: We’ve seen incredible demand from food and retail small businesses seeking to invest in their growth. That’s why we’re excited to partner with Bolt Food to extend our flexible financing solutions to as many eligible businesses as possible. Our collaboration has resulted in a best-in-class, scalable product that is intentionally designed to simplify the financing process and match Bolt’s commitment to exceptional customer experiences. This will be a massive boost to SME success in the country.

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Bolt Food has been available in Poland since 2020 and provides food and grocery delivery services in 10 cities. With the opportunities created by delivery services, Bolt Food is an ally to courier partners, allowing partner couriers full transparency and control over their earnings. Delivery services support Bolt’s mission even further with the food and beverage ecosystem being the foundation of cities people love to live in.