Beyond Merchant Capital, Brisbane-based B2B fintech lender (backed by Capricorn Capital Group and RMI Holdings Ltd) has partnered with First Data, a global leader in commerce enabling technology, to offer small businesses easy access to Pay-As-You-Trade finance.

Merchant finance has been in existence for many years in the USA but the partnership between Beyond Merchant Capital and First Data is the first of its kind in Australia and a game changer for business operators. According to the Chamber of Commerce and Industry Queensland (CCIQ) the majority of merchant finance queries do not make it past the application stage. CCIQ head of Media and Industry, Dan Petrie says “Lending to small business needs to be innovative and sympathetic to the cyclical nature of their business – ultimately empowering small business to grow and expand.”

In answer to this need, Beyond Merchant Capital offers SMBs a superior alternative to bank financing. For those operating for more than 6 months and with a monthly turnover of $5,000, business owners are able to access up to $500,000 in as little as 24 hours – far quicker than traditional lending methods which can take weeks or more. Says Larry Prosser, CEO of Beyond Merchant Capital, “We strive to promote transparent, quick, easy access to funding in Australia.  First Data’s technology has the flexibility, scalability, and innovation required for our unsecured business loans.

The key to the Pay-As-You-Trade merchant finance is that repayments are managed through First Data’s split funding functionality.  The business can avail itself of a repayment method where a small, pre-agreed percentage of the business’ total daily card transactions turnover are redirected until the loan is fully paid off.

Pay as you trade merchant financing

Example of Pay as You Trade merchant financing

This form of merchant financing helps businesses better manage their cash flow with repayments based on turnover and no other hidden fees or exit fees for early settlement. Says Mr Prosser, “Now small business can get a tailored lending solution that works in line with their turnover. Furthermore, this is acquired without being treated with suspicion, getting tied into an onerous equipment lending situation or committing to a grueling margin-destroying business loan.”

Kees Kwakernaak, Managing Director First Data Australia and New Zealand, welcomes this new partnership and believes there is a definitive need from small business to take control of their finance repayments and base it on their receipts.

“First Data is delighted to be partnering with Beyond Merchant Capital to deliver this innovative offering to small business owners. The flexibility of First Data’s global technology platform coupled with the desire to collaborate with FinTech partners to roll out frictionless solutions to clients is our sweet spot,” commented Kwakernaak.

Speak with a lending specialist today about funding the growth of your business.


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