New York-based SellersFunding is expanding its data-driven alternative lending platform’s offerings to SMEs in Canada and Britain.
With the expansion, e-commerce sellers in those two markets will now be able to leverage SellersFunding’s solutions to maximize their funding. The company claims to have over 10,000 users and to support roughly $1bn in sales around the world.
SellersFunding’s solutions give e-commerce companies the chance to qualify for access to a monthly sum of funds, eliminating the need for frequent approvals that affect credit scores.
Ricardo Pero, CEO of SellersFunding, said the venture’s goal is to make the funding challenges e-commerce enterprises face a thing of the past. “Our solutions are designed to help sellers obtain the funding they need to seamlessly support their businesses, and to move money around the world,” Pero added.
“We’re excited to officially announce our presence in the UK and Canada,” said Fabio Knijnik, Head of Global Business Development for SellersFunding. “With this expansion, we’ve also released a new version of our FX solution, SellersFX. Now, borrowers who reside overseas but have a US entity can receive funding as well as access to an e-wallet that supports over 30 different currencies.”
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