LianLian partners with European FinTechs to expand financing offering
By Gloria Methri
Cross-border payment service provider LianLian Global has teamed up with three European FinTechs to expand its financing options for e-commerce merchants.
Spanish e-commerce tech company RITMO; embedded finance company YouLend; and the small business lending platform Iwoca will help LianLian provide a variety of capital-access products to e-commerce sellers.
“We are pleased to announce our new partnerships with Iwoca, RITMO, and YouLend. These partnerships signal our ambitions to become the world’s most integrated cross-border payments growth partner for e-commerce sellers around the world,” said Kevin Boland, VP of International Business Development.
LianLian Global‘s finance partnership is designed to provide financing options for e-commerce businesses in the US and UK as they prepare for the Q4 sales peak. To apply for the pre-negotiated finance options and discounts, e-commerce merchants need to sign up to the LianLian Global platform and follow the financing application process.
“We are thrilled to be joining forces with LianLian Global to help marketplace e-commerce sellers grow and reach their potential,” said Harry Cranfield, Partner Channel Manager at Iwoca. “This strategic partnership enables us to offer our fast and flexible finance to customers, helping them solve cash flow challenges, buy inventory, invest in marketing, and more.”
Jorge Juttner, Head of Partnership at RITMO said, “This partnership will allow RITMO to offer LianLian Global’s e-commerce customers access to much-needed finance to support business expansion plans, manage supplier payment challenges, and ensure their marketing budget matches their ambition.”
Meanwhile, Tom Longhurst, Strategic Partnerships at YouLend said, “YouLend sees LianLian Global as a best-in-class partner that shares our goal of friction-free, global commerce. We are excited to join forces to unlock opportunities for online merchants as they plan for the upcoming sales period.”
Last August, the company partnered with London-based LendTech Uncapped to provide e-commerce companies with financing from $100,000 to $10 million.
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