Thursday, 12 September 2024, 08:58 CET – Embedded finance innovator Liberis has announced a strategic partnership with fintech firm myPOS to enhance revenue-based financing options for small and medium-sized enterprises (SMEs) across ten European countries. The initiative will commence in the UK before rolling out to Germany, Ireland, Iceland, and Finland.
The collaboration between Liberis and myPOS aims to address the financing needs of European SMEs, which are crucial to the region’s economy. SMEs represent 99% of all businesses in Europe, employing two-thirds of the workforce and contributing 85% of new job creation. Despite their significance, many SMEs face challenges in accessing traditional bank loans, as highlighted by a recent European Investment Fund (EIF) report.
Liberis recognizes the constraints faced by small businesses, particularly in terms of time and financial resources. The partnership with myPOS will integrate revenue-based financing into myPOS’s existing platform, creating a comprehensive financial solution tailored for SMEs. This enhancement is designed to support business growth through flexible funding solutions enabled by Liberis’ advanced technology.
myPOS officials emphasized their commitment to facilitating business expansion. The company’s platform already offers a diverse array of payment methods, which enhances checkout conversion rates and provides merchants with immediate access to funds from completed transactions. With the addition of Liberis’ financing options, myPOS will further support merchants by offering access to capital, helping them to scale and succeed.
About Liberis
Founded in 2007, Liberis specializes in embedded finance solutions aimed at empowering businesses through accessible and responsible funding. The company provides a technological platform and financial tools that enable partners to offer highly personalized funding solutions, supporting the revenue growth of small businesses.
About myPOS
myPOS is a fintech company serving SMEs throughout the European Economic Area, Switzerland, and the UK. It delivers comprehensive payment solutions for in-store, online, and mobile transactions to over 200,000 businesses across more than 35 countries. The myPOS platform offers micro businesses and SMEs a range of services including multicurrency merchant accounts, business debit cards, and tools for remote sales and e-commerce management, streamlining business operations and improving cash flow.
