The Challenge
Leading payment processor, Clover UK is committed to helping small businesses suceed by providing enriching technological solutions, including flexible funding.
Clover UK wanted to find a funding solution for their merchants that could support the growth plans, while also insulating them during quieter periods. This demanded a provider that could simplify the funding process and provide access to funds quickly.
The solution
Clover’s search for a funding partner that was the best fit for them and their merchants led them to Liberis.
Their revenue-based payments model offered the flexibility and convenience that Clover was looking for. Merchants make manageable payments that correlate with their revenue in a specific period. This gives them the comfort of knowing they only pay when they have sufficient funds and there’s no accumulating interest thanks to the fixed fee.
“We look forward to growing our partnership with Liberis, making sure Clover’s smart payment and commerce solutions continue to help businesses thrive.”
Ben Argent
Clover UK
The result
Having embraced revenue-based finance, Clover saw an uplift in the average monthly card revenues for some merchants that secured this flexible funding – with these businesses using the injection of cash to fund essential requirements like new inventory, expanding or renovating premises, and employing new staff.
This partnership, which is underpinned by empowering revenue-based finance, has already provided over £35m in funding to hundreds of Clover’s merchants.
The future
Clover anticipates further growth in their partnership with Liberis, elevating their merchant’s ability to access funding when they need it most.
Clover is pleased to be able to continue to offer our merchants a simple and transparent solution where funds can be with them in less than 24 hours. They look forward to growing their partnership with Liberis, making sure Clover’s smart payment and commerce solutions continue to help businesses thrive.