Liberis and Teya Announce Partnership to Improve Access to Finance for UK Merchants
Aiming to help business owners to manage their cash flow better and grow their operations, the partnership will allow Teya to further support their customers by offering pre-approved revenue-based finance through a simple application journey. It also means that merchants will be able to have funds in their account in as little as 48 hours.
Together, Teya and Liberis will make access to finance simpler and fairer for people running small and medium businesses, whilst also ensuring a positive user experience through embedded technology. Teya’s Cash Advance solution will soon mean that merchants can quickly access flexible and reliable financing, improving their cash flow. Compared to a lengthy application process, such as at a traditional bank, the partnership will also ensure a seamless onboarding and renewal journey as well as in-life experience and dedicated customer support.
Teya Cash Advance is currently operating a closed beta with wider roll out expected later in 2023.
Pranay Ahluwalia, CEO of Credit at Teya, commented, “Teya’s partnership with Liberis is an exciting step in our journey to support people running small and growing businesses in Europe. Like us, the team at Liberis understand the complexities around funding and payments, and believe in making the process simple and efficient. They share our dedication to SMEs and entrepreneurs for the long haul – particularly as they scale and grow – and together our technology means we can offer the fair, flexible, and trustworthy solutions that merchants deserve.”
Rob Straathof, CEO and Founder of Liberis, said, “We’re delighted to be working with Teya, who share our ethos of helping to support small businesses. SMEs play a vital role in our communities and our economy, and our embedded finance technology will level the playing field for these integral players and help promote the UK’s economic recovery.”
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