back Back

SellersFi & Amazon team to offer credit lines to e-Commerce sellers

By Delisha Fernandes

January 31, 2024

  • Amazon Lending
  • business credit
  • checking accounts
Share

SellersFi, AmazonSellersFi, a financial services company, has announced a financing solution with Amazon that will provide eligible e-Commerce sellers with access to credit lines of up to $10 million.

“SellersFi was launched seven years ago to address e-commerce sellers’ paramount challenge: to secure the right capital to grow their businesses,” stated Ricardo Pero, co-founder and CEO of SellersFi. “This relationship with Amazon highlights our dedication to transforming e-commerce financing to empower small and medium-sized businesses with the accessible financial tools they need to focus their energy and aspirations on amplifying their businesses and attaining exceptional growth.”

Sellers face a range of hurdles in building successful online businesses including competition, order fulfillment, visitor conversion, marketing and more. These lines of credit from SellersFi and Amazon Lending are meant to support sellers experiencing such challenges.

“Working with the Amazon Lending team has been an exceptional experience for SellersFi,” said Leonardo Felisberto, Head of Global Business Development and Partnerships at SellersFi. “Their dedication to empowering sellers aligns perfectly with our mission, and together, we’ve unlocked more possibilities for e-commerce entrepreneurs. We’re hopeful this can be another step toward supporting the growth aspirations of online sellers in the US and beyond.”

“Amazon is committed to providing our sellers with flexible and convenient access to capital, regardless of their size,” said Tai Koottatep, director and general manager, Amazon WW B2B Payments & Lending. “Through this lending option with SellersFi, we’re able to strengthen that commitment and offer sellers even more opportunities to grow their business.”

This announcement bolsters SellersFi’s expansion as a financial services platform. The company currently offers working capital, prepaid debit cards and digital wallets with insurance, business credit and debit, and checking accounts in the pipeline.

Previous Article

January 31, 2024

Alchemy Pay & Zero Hash to offer crypto on-ramp and ACH payment rails

Read More
Next Article

January 31, 2024

Sweden’s Northe its EV Charging Platform with Brite Payments

Read More






IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024

Amazon Lending

Global wealth growth rebounds with major shifts expected by 2030, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

July 12, 2024

SaaScada & Partes sign embedded finance partnership in Switzerland

Read More

July 12, 2024

Finastra completes new SIC instant payments readiness project

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024