Iris Financial to acquire Younited.

Iris Financial, a company focused on the financial services sector in and around Europe, agreed to acquire Younited, a European instant consumer credit provider. Financial terms were not disclosed. “We are thrilled to enter into a business combination with Iris Financial and its shareholders who will provide us with the expertise, the global network and the capital we need to execute our strategic plan. As a result of the transaction, the group will benefit from a robust balance sheet and will be very well positioned to further enhance the consumer lending market and seize market share. We are uniquely positioned in this market, with a distinct technological edge, a clear strategy and an experienced management team to take advantage of this opportunity and create substantial shareholder value,” Charles Egly, Younited Co-founder and CEO.