End-to-end solution developer Paysafe has launched its new accelerated funding solution.
Paysafe Accelerated Funding provides US-based SMBs with access to a range of same or next day settlement options. This new offering has been built through the collaboration with Company.com and Ingo Money.
The new product will enable SMBs which accept payments in person in order to speed up access to capital. There are three types of funding options available Express Funding, Same-Day Funding, and Next-Day Funding.
Paysafe is a digital payments solution developer, providing merchants with access to card payments, digital wallets, online marketplace platform services, bank transfers and prepaid and e-cash issuing. Its solutions are focused on mobile-based transactions, real-time analytics and building connections between online payments and brick-and-mortars.
Paysafe CEO Todd Linden said, “Today’s business owners rely on their sales to help pay for their expenses and keep the lights on. Unfortunately, this reliance can make it difficult when it typically takes one to two business days to receive the money generated by sales.
“By leveraging the power of same-day funding technology, SMBs will be able to integrate seamless cash flow solutions into their day-to-day operations to disburse funds as required and focus on improving their everyday efficiency and profitability.”
Last year, Blackstone and CVC teamed up to acquire Paysafe in a deal worth nearly $3bn.
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