12th June 2024, London – Liberis, the leading global embedded finance platform announced today, a partnership with Paytrail, the leading Finnish online payment service provider. Paytrail Financing, powered by Liberis, is designed to offer e-commerce businesses in Finland revenue-based financing within a simple 4-click journey.
Revenue-based finance is not yet a staple in Finland despite its benefits to small and medium-sized businesses (SMBs). The introduction of Paytrail Financing into the Finnish market will provide Finnish SMBs with the funding they need in as little as 24 hours. More importantly, the flexible payment structure will work in line with their revenue, ensuring they only pay when their customers pay them.
“It’s our mission to help small businesses access the money they need to unlock short-term growth opportunities,” said Rob Straathof, CEO of Liberis. “Our partnership with Paytrail will offer fast, flexible and pre-approved funding to around seven thousand merchants in Finland, strengthening our position in the Nordics.”
Joni Rautanen, COO of Paytrail adds,
“Partnering with Liberis enables us to offer additional services to our merchants to help them grow their businesses at pace. Following a fast and smooth implementation with Liberis, we will be able to provide funding that counts, when it matters to our customers.”
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About Liberis
Liberis builds flexible embedded finance solutions that empower businesses and provide positive impact. 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. Liberis provides partners with the technology platform and financial solutions to offer hyper-personalised and accessible funding, empowering their small business customers to grow their revenues. 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. Visit their website for more information: https://liberis.com
About Paytrail
Paytrail is Finland’s leading online payment expert and the most used online payment service in online stores, services, and applications. Founded in 2007, Paytrail is also known as one of the pioneer companies in Finnish e-commerce. The company has over 20,000 customers and also handles the online payment traffic for the State Treasury’s Suomi.fi payments service. The company is part of the Nexi/Nets group. Great Place to Work Finland has awarded Paytrail as the best workplace in Finland, and the company has been granted the Future Workplaces certificate. www.paytrail.com
