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Cashflows adds its flexible business funding solution to Judopay

By Gloria Methri

August 05, 2024

  • Business Finance
  • Business Funding
  • Cashflows
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Cashflows, UK, FinTech, Payment Acceptance, Merchant Onboarding, Fast Onboarding, Digital Payments, Payments Processing, EuropeCashflows has announced that its flexible, fixed-fee business funding solution, Cashflows Advance, has been added to Judopay’s offering. The move will enable more businesses across the UK and Europe, such as those in the taxi and parking sectors, to access financing.

Small—to Medium-Sized Enterprises (SMEs) play a key role in any nation—they make up 99.2% of the UK’s business population.

Cashflows Advance offers eligible merchants instant, pre-approved funding with flexible repayments tied to daily sales. The solution, developed in partnership with the funding platform Recap, provides much-needed financial support to businesses still struggling with traditional funding options.

This deal with Judopay broadens the pool of merchants that can benefit from Cashflows Advance, enabling them to access financing in a way that works for them.

The pre-approved cash advance is based on historical data, and users can operate the solution via a simple interface, allowing them to select the funding they need and estimate the payment terms.

Hannah Fitzsimons, CEO of Cashflows, said, “SMEs are the backbone of the UK economy, but they often face significant hurdles accessing the capital they need to grow. At Cashflows, we are committed to changing that. By offering flexible, pre-approved funding through Cashflows Advance, we’re empowering businesses to invest in their future and drive economic growth. Our partnership with Judopay is a major step forward in delivering on that promise. Together, we are building a financial ecosystem that supports the ambitions of businesses.”

Jeremy Nicholds at Judopay added, “At a time when growth is challenging for many UK businesses, we’re working with Cashflows to rethink the way businesses can access funding to develop their business further. Offering Cashflows Advance provides Judopay clients with an easy and straightforward way to get the cash injection they need. This partnership is part of our joint commitment to empowering businesses. We are excited to collaborate and continue supporting our clients’ growth.”

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