SellersFunding, the fintech provider for eCommerce brands, has rolled out a new B2B Buy Now Pay Later (BNPL) product, a press release said Thursday (July 28).
This will add new solutions for companies like software-as-a-service providers, agencies, enterprise vendors and others, in order to give their respective customers the BNPL options.
Customers will reportedly have the option to choose from up to 12 months of interest free payments, and the services will be offered digitally so the companies can quickly implement them.
The release notes SellersFunding’s new services will help companies get over cash flow boundaries stopping them from tapping into the services they could use to help their business.
“We find there is an unmet need among businesses to offer their products and services flexibly and conveniently to the customers that need them the most,” said Ricardo Pero, CEO of SellersFunding. “We are excited to bring frictionless working capital to the ecosystem, equipping our partners and their customers with smart extended payment options.”
In addition, the company has partnered with Escala, an agency providing consulting for small and medium-sized businesses to scale more. Eli Lipshatz, co-founder and director of Escala, said the idea of the partnership was “to offer more of our digital services to ecommerce businesses in the UK with the desire to scale. It’s an absolute win-win; and no doubt, a step in the right direction for our industry.”
Read more: FinTech SellersFunding Launches 2 New Small Business Financing Resources
PYMNTS wrote that SellersFunding also recently debuted two new working capital products.
The intent of the products, Invoice Factoring and Purchase Order (PO) Financing, will be to let small businesses access more resources.
The products will be available for both international and domestic companies, and for all new and existing partners and clients.
“Since SellersFunding is already a trusted source for long-term non-dilutive financing, introducing products like Factoring and PO Financing was the natural evolution to further assist clients with their cash flow needs,” Abhi Chakraborty, vice president of credit at SellersFunding, said in the announcement.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More