Liberis, an embedded finance platform, 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.
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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.”
Avritti Khandurie Mittal, VP & General Manager of Global Payments and Financial Services at eBay, added:”We are thrilled to expand our eBay Seller Capital Programme 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.
“Earlier this year we launched Business Cash Advance, another exciting seller capital offering and have already successfully funded thousands of sellers and dispersed millions of dollars in working capital. We’re thrilled to build on this momentum with our latest financial solution, Flexible Cash Advance as we continue to offer fast, convenient and transparent seller capital solutions that fuel the growth of small businesses and create economic opportunity for all.”
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