PYMNTS-MonitorEdge-May-2024

LianLian Global Partners With Uncapped on eCommerce Financing

LianLian Global and London-based FinTech Uncapped have announced a strategic partnership to provide online merchants in the U.S. and U.K. with access to financing to grow their business through the LianLian Global platform.

The partnership will enable eCommerce companies to secure loans $100,000 to $10 million in under 48-hours, LianLian announced in a press release Wednesday (Aug. 24).

In the release, Kevin Boland, VP International Business Development, LianLian Global said, “our partnership with Uncapped is strategically important for LianLian Global. This exciting announcement positions us as the global leading provider of end-to-end cross-border payments and finance services for eCommerce sellers.”

Andrew Gnananantham, Head of Commercial at Uncapped, added: “We’re delighted to partner with LianLian Global, one of the leading cross-border payments solutions in eCommerce. Uncapped exists to help founders win, so we are proud to power LianLian Global’s product offer to unlock new opportunities for growth for marketplace sellers. Now including fast, easy access to growth funding, we see LianLian Global  as a definitive full-service partner for any eCommerce entrepreneur eyeing international expansion.”

Today’s announcement follows the initial news that LianLian Global expanded its cross-border payments services to U.K. businesses earlier this month.

The expansion of the platform into the U.K. is intended to help eCommerce merchants and entrepreneurs sell abroad, make payments and get paid faster in key markets, including China and the U.S., LianLian stated in another press release this month.

Read on: LianLian Global Brings Financing Options to X-Border UK eCommerce Merchants

By adding financing options thanks to the partnership with Uncapped, LianLian Global will increase its appeal to eCommerce merchants and further help the company establish itself in the U.K. market.

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PYMNTS-MonitorEdge-May-2024