Liberis, a global leader in embedded finance, has partnered with Sezzle, a prominent Buy Now, Pay Later (BNPL) platform, to promote Sezzle Capital.
The collaboration between Liberis and Sezzle seeks to address the growing concerns among small business owners regarding access to capital. According to a survey by Goldman Sachs, 77% of small business owners are worried about their ability to secure necessary funding.
The new offering, Sezzle Capital, will provide flexible funding solutions to these businesses, helping them to grow and thrive. Additionally, there are plans to expand this initiative into Canada in the near future.
Liberis, established in 2007, develops flexible embedded finance solutions designed to positively impact businesses. As a leading global embedded finance platform, Liberis focuses on providing accessible and responsible finance to small businesses. The company has formed over 30 strategic partnerships globally and has facilitated more than $1bn in funding through 70,000 transactions, supporting over 100,000 jobs worldwide. Liberis’ funding model is based on revenue-based finance, which is a form of receivables finance, distinct from traditional loans.
Sezzle, on the other hand, is a well-known BNPL platform committed to supporting the next generation of business owners by offering accessible funding opportunities. Through Sezzle Capital, powered by Liberis, Sezzle will offer its merchants funding without requiring them to give up equity in their businesses.
Rob Straathof, CEO of Liberis, highlighted the strategic alignment of this partnership: “As we expand across the United States and Canada, we choose to work with partners who are preferred and trusted by small businesses. Working with Sezzle allows us to serve both their early-stage and mature business customers, with fast and flexible funding through our platform.”
Charlie Youakim, CEO of Sezzle, echoed this sentiment: “At Sezzle, we’re committed to empowering the next generation of business owners through accessible funding opportunities for merchants of all sizes. Through our partnership, we’re thrilled to offer our merchants funding via Liberis—without the need to give up equity in their businesses.”
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