Strategic partnerships up by 100% for 365 Business Finance
365 Business Finance, the UK’s leading merchant cash advance specialist, has formed double the number of strategic partnerships over the last year, compared to the previous 12 months.
Arranged by the lender’s dedicated in-house partnerships team, the key businesses and providers aligned with, for the benefit of more SMEs, are mainly ISOs, payment service providers and fintech players – such as Credit Passport and PayXpert – as well as financial brokers.
The London-based financier has also reported an impressive 119% increase in the number of funded deals from partners and introducers* over this summer, in comparison to the spring. This figure demonstrates how successful, and important, strategic partnerships are in reaching the UK’s small to medium sized businesses most suited to a fast and flexible form of alternative finance.
Managing director at 365 Business Finance, Andrew Raphaely, said, “Our partnerships team has excelled over the last 12 months, ultimately making merchant cash advances more accessible for many more businesses across the UK. Importantly, this is happening at a crucial time for SMEs, when this type of flexible funding can really make a difference to cash flow, and how they are able to bounce back following the challenging times faced by all businesses throughout 2020 and this year.”
For an insight into the partnerships team, this latest Q&A puts the spotlight on two key team members working together to develop bespoke solutions for partners, from white label and co-branded packages, to full-service marketing support and fintech platform integration.