Liberis launch new product ‘Flexible Cash Advance’ to fund eBay sellers up to $2m in the US
Liberis, one of the leading global embedded finance platforms, has launched its latest product ‘Flexible Cash Advance’ with eBay Seller Capital in the United States, enabling sellers to receive larger and even more flexible financing, with funds ranging from $5k to $2m in the coming weeks – empowering sellers to get financing when they need it.
eBay sellers can access ‘Flexible Cash Advance’ through their eBay seller dashboard and in as little as three minutes, they can complete the application process to receive same-day approval and funding up to $2m, and flexible payment schedules that scale with their sales cycles. As they make payments towards their outstanding balance, they will be able to unlock additional financing.
A study by U.S. Bank shared that 82% of business failures are due to insufficient cash flow. ‘Flexible Cash Advance’ helps businesses that have unpredictable cash flow stay afloat, buy more inventory, prepare for seasonal fluctuations and deal with unexpected expenses – allowing them to thrive where previously they may have struggled.
Rob Straathof, CEO of Liberis commented “In July, we launched Business Cash Advance to eBay sellers, funding thousands of sellers and providing millions of working capital to date. Our new product ‘Flexible Cash Advance’ is the next step in building technology that solves every business need in one platform. Flexible Cash Advance provides small businesses with a 12-month flexible cash reserve, helping them manage unpredictable sales periods and stay operational and even thrive where others might struggle to stay afloat.”
“We are thrilled to expand our eBay Seller Capital Program with the introduction of Flexible Cash Advance to continue investing in the success of our sellers on our marketplace. This new financial solution offers expanded funding ranging from $5k all the way to $2m and enables entrepreneurs on eBay to unlock additional capital as they pay”, said Avritti Khandurie Mittal, VP & general manager of Global Payments and Financial Services at eBay.
