SellersFunding launches two financing solutions for small businesses

SellersFunding launches two financing solutions for small businesses

By Edlyn Cardoza

Today

  • Asset-based loan offer
  • Credit subscription
  • E-commerce

SellersFunding, a leading FinTech provider for e-commerce sellers, announces the addition of two new products to its robust working capital product line, invoice factoring and purchase order (PO) financing. ).

Invoice factoring and purchase order financing help SellersFunding clients grow their wholesale footprint. Product flexibility will allow SellersFunding to expand its offering to businesses outside of the e-commerce space.

“As SellersFunding is already a trusted source for long-term non-dilutive financing, the introduction of products such as factoring and purchase order financing was the natural evolution to further help customers meet their their cash needs,” says Abhi Chakraborty, Vice President of Credit at SellersFunding. “Because credit underwriting and customer onboarding practices are similar across our product offering, we plan to quickly expand our asset-based lending offering to businesses that have demonstrated robust sales. and a history with their account debtors.”

Through the beta deployment of these new products, SellersFunding initiated deals of up to $25 million with a global mineral water company, a US-based sports retailer and a US-based equipment manufacturer. United whose account debtors include well-known outlet stores such as Costco and Sam’s Club, grocery chains such as Publix, sporting goods retailers such as Academy Sports and Outdoors, and beverage companies such as Anheuser Busch in the United States and abroad.

The Company plans to provide these solutions to domestic and international small businesses through relationships with new and existing partners, brokers and its existing portfolio of customers.

SellersFunding is a global fintech company focused on helping e-commerce sellers grow. The company’s digital platform offers financial solutions that streamline global trade in markets, including working capital, cross-border cash management and business valuation.

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