London-based lender 365 Business Finance has formed a new strategic partnership with payment solutions provider PayXpert, one of the many valuable partners aligned with during the pandemic.
Through such partnerships, 365 Business Finance has been able to double the number of enquiries received for merchant cash advances*, compared to pre-Covid volumes.
This latest partnership between PayXpert and 365 Business Finance means the two companies will work together, assisting businesses that accept card payments, allowing for a smooth merchant cash advance application process for unsecured business funding from £5,000 up to £200,000.
Managing Director at 365 Business Finance, Andrew Raphaely, said, “We’re thrilled to partner with PayXpert. We have seen incredible demand for funding from SMEs, as the requirement for capital has increased while banks still appear unwilling to help small businesses. Our focus is on the development of strategic partnerships as a means to provide fast, flexible funding to more businesses throughout the UK.”
David Armstrong, Managing Director at PayXpert, added, “I am delighted to partner with 365 Business Finance to provide this innovative solution to our merchants in the UK. This is an enormous step in the right direction to achieve our mission of helping our customers and partners grow with innovative, value-adding features. We expect great things to come from this alliance.”
Last year, 365 Business Finance strengthened its partnerships offering with the addition of a highly experienced, dedicated strategic partnerships team. The team has developed bespoke solutions for partners, from white label and co-branded packages, to full-service marketing support and integration into fintech platforms.
For further information on how merchant cash advances can assist small to medium sized businesses, visit www.365businessfinance.co.uk. Merchant cash advances are typically used to help with cash flow management, business expansion, the purchasing of new stock and the refurbishment of premises.
Repayments are taken as a small percentage of debit and credit card sales, with no fixed terms or APR, and in many cases funding can be approved within 24 hours.