A&O Shearman advises Younited on first public securitisation of a fintech company fully placed on the market

Younited is a European fintech company that is part of the #Next40 – a French government initiative aimed at supporting the country’s most promising scale-ups – and operates in France, Italy, Spain, Portugal, and Germany with the ambition to transform the consumer loan industry in Europe.

This transaction represents the first public securitisation of a fintech company entirely placed on the market for the purpose of credit risk transfer and accounting derecognition. Class A to E notes have been rated by Fitch and S&P. The rated notes, along with the class F and class X notes, have been listed on Euronext Dublin. The class R notes have been admitted to trading on the Vienna MTF segment.

A&O Shearman assisted Younited with a team comprising partner Pietro Bellone and associate Fabio Gregoris, supported by counsel Elia Ferdinando Clarizia for tax aspects. Partner Fabrice Faure-Dauphin and associate Romain Boulogne handled the French law aspects.