According to a news release, SellersFunding, a finance solution for eCommerce firms, has launched a new B2B Buy Now Pay Later (BNPL) offering.
This will bring additional alternatives for firms such as software-as-a-service providers, agencies, enterprise suppliers, and others to deliver BNPL choices to their clients.
Customers will apparently be able to pick between up to 12 months of interest-free payments, and the services will be provided digitally so that the firms can easily adopt them.
The press release SellersFunding’s new offerings will assist businesses in breaking through cash flow barriers that prevent them from utilizing services that might benefit their firm.
“We discovered an unmet demand among businesses to deliver their products and services flexibly and easily to the clients who need them the most,” stated SellersFunding CEO Ricardo Pero. “We are eager to deliver frictionless working capital to the ecosystem by providing smart extended payment alternatives to our partners and their clients.”
Furthermore, the company has worked with Escala, a consulting firm that helps small and medium-sized enterprises expand. The partnership’s goal, according to Eli Lipshatz, co-founder and director of Escala, is “to offer more of our digital services to eCommerce firms in the UK with the drive to expand.” It’s a no-brainer and, without a question, a move on the right path for our industry.”
The products, Invoice Factoring, and Purchase Order (PO) Financing will allow small firms to have access to greater resources.
The goods will be offered to both foreign and local businesses, as well as to all new and current 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,” said Abhi Chakraborty, SellersFunding’s vice president of credit, in the announcement.
