LianLian Global announced its expansion into the UK

By Joy Dumasia

LianLian Global, a global cross-border payment service provider, has announced the expansion of its cross-border digital payments platform to the UK, with additional support for customers to secure financing through LianLian Global. 

The LianLian Global cross-border digital payments platform is designed to help the UK eCommerce merchants and entrepreneurs that sell products and services internationally to make and receive payments faster in key markets, including China and the US. First launched in the US at the end of Q2 this year, the cross-border digital payment platform is available on marketplaces including Allegro, Amazon, Fruugo, Google Shopping Actions, Rakuten, Shopify, Walmart, and more.

In addition to receiving funds from marketplaces, paying suppliers, and managing their foreign exchange (FX) risk, UK eCommerce entrepreneurs and businesses can access up to £10m of financing through LianLian Global to scale their business. This option will benefit companies requiring flexible, fair financing solutions to fund their growth plans ahead of the seasonal cross-border trading peak in Q4. 

In order to maximise their share of growth, eCommerce entrepreneurs require additional financing to grow their businesses and improve their inventory. However, according to the Federation of Small Businesses, fewer than one in ten (9%) small firms applied for finance in Q1 2022, the lowest proportion since SBI records began. The share of respondents that saw applications approved (43%) is also at a record low. 

“We are delighted to expand our cross-border digital payments platform to Europe with the UK launch of our product. This is an evolution of our globally trusted platform that our customers have come to rely on,” said David Messenger, Executive Chairman, LianLian Global. “Additionally, we are rapidly expanding our service capabilities to help cross-border e-commerce businesses access the funding they need in Q3 to succeed in Q4.” 

The introduction of LianLian Global’s cross-border digital payments platform enables eCommerce companies to take control of their supplier payments and finance needs. Users can pay or receive payments in US Dollar, British Pound Sterling, Euro, Polish Złoty, Chinese Yuan, and Hong Kong Dollar. 

David Messenger concludes: “We know from listening to our customers worldwide that delayed or interrupted payments can have a crippling impact on any business, especially small eCommerce companies and suppliers who are more vulnerable to cash flow challenges. We give them the flexibility and confidence to make and receive cross-border payments reliably and efficiently.”

IBS Intelligence also reported that LianLian Global, a global cross-border payment service provider announced the launch of its multi-currency Cross-Border Wallet after securing licenses to operate in all 50 states.