Liberis, the leading global embedded finance platform, announced a partnership today with myPOS, fintech platform and payment service provider to European SMEs.
„This partnership will enable myPOS to offer revenue-based financing in 10 European countries starting with the UK, providing small businesses (SMEs) with the money they need to fund new projects, address business challenges, and expand at their own pace.” – according to the press release.
„myPOS and Liberis’ partnership will provide revenue-based financing initially to merchants in the UK, and then expand across countries, including Germany, Ireland, Iceland and Finland.” – the company said.
SMEs employ 2 out of 3 people[1] and provide 85% of new jobs in Europe[2], with 99% of companies falling into this category[3]. According to the EIF’s latest working paper[4], SMEs rely disproportionately on bank-based debt instruments, despite one in four reporting difficulty accessing finance.
Rob Straathof, CEO at Liberis said “At Liberis, we understand that small businesses are tight for time and money. This partnership empowers myPOS to create an even more comprehensive one-stop shop for SMEs by including revenue-based financing to help them grow their business, fuelled by Liberis’ technology.”
Mario Shiliashki, CEO at myPOS, added “Our payments platform provides a large number of payment methods to boost checkout conversion and we offer our merchants with instant access to their funds as soon as a purchase is completed. Now, with Liberis, we will take this one step further by providing borrowing options to merchants, thus helping them further boosting growth with the capital they need to succeed.”
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Founded in 2007, Liberis is a leading global embedded finance platform with a mission to provide small businesses with accessible and responsible finance, based on the belief that funding should always be a positive force for small businesses. With over 20 global strategic partners and direct reach to more than 1 million small businesses, Liberis has provided over $1bn of funding in over 60,000 transactions, enabling over 100,000 jobs to be created and saved. Liberis’ revenue-based finance is a form of receivables finance, not a loan. Amounts advanced are subject to status and our underwriting process before any offer can be made.
myPOS is fintech company serving small and medium-sized business clients across the European Economic Area, Switzerland and the UK. It provides easy and convenient in-store, online and on-the-go payment solutions to more than 200,000 businesses in over 35 European countries.
The myPOS platform gives micro businesses and SMEs everything they need to accept payments and manage various aspects of their business, including selling remotely, accelerating cash flow and enabling e-commerce. Business owners receive a free multicurrency merchant account and dedicated IBAN per currency, a business debit card, digitised business management capabilities, and a platform to help them sell anywhere.
[1] https://ec.europa.eu/docsroom/documents/42921/attachments/1/translations/en/renditions/pdf
[2]https://www.eurofound.europa.eu/en/topic/small-and-medium-sized-enterprises#:~:text=SMEs%20are%20the%20backbone%20of,sector%20employment%20in%20the%20EU.
[3] https://single-market-economy.ec.europa.eu/smes_en
[4] https://www.eif.org/news_centre/publications/eif_working_paper_2023_96.pdf
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
