Lending platform SellersFunding expands to UK and Canada
SellersFunding, a US-based alternative lending platform for e-commerce sellers, has expanded into the UK and Canada, reports Jane Connolly.
Online businesses looking to scale, meet demand and avoid liquidity gaps can qualify for access to a pre-approved monthly sum of funds, removing the need for frequent approvals and the subsequent impact on credit scores.
The company is also launching a new version of its SellersFX platform, which gives sellers an overview of their past borrowing and available funds, along with consolidated global sales information.
The new and improved platform offers the ability to make and receive payments around the world and receive disbursements and funding directly into their e-wallet.
“Now, borrowers who reside overseas but have a US entity can receive funding as well as access to an e-wallet that supports over 30 different currencies,” says head of global business development for SellersFunding, Fabio Knijnik.
“Our mission is to make obsolete those funding challenges that have been historically difficult for online sellers to navigate,” says CEO Ricardo Pero. “Our solutions are designed to help sellers obtain the funding they need to seamlessly support their businesses and to move money around the world.”
The company currently supports around $1 billion in sales globally and has over 10,000 users. SellersFunding is working on new global funding solutions for e-commerce businesses and aims to expand into the rest of Europe in the near future.