Liberis collaborates with Sezzle on funding for North American SMBs

Global embedded finance platform Liberis has formed a strategic partnership with buy now, pay later provider Sezzle to provide US small and medium-sized businesses with access to funding.

The new alliance will promote Sezzle Capital, which offers flexible funding options to SMBs across the US, with plans to expand into Canada.

Liberis and Sezzle cited a recent survey by Goldman Sachs which found that 77% of small business owners are concerned about their ability to access capital.

Addressing this concern, Sezzle Capital, powered by Liberis, is intended to help thousands of merchants seeking flexible financial solutions without sacrificing equity.

Rob Straathof, chief executive officer of Liberis, said: “As we expand across the United States and Canada, we choose to work with partners who are preferred and trusted by small businesses.

“Working with Sezzle allows us to serve both their early-stage and mature business customers, with fast and flexible funding through our platform.”

Charlie Youakim, Sezzle’s chief executive officer, said the company is committed to empowering the “next generation” of business owners through accessible funding opportunities for merchants of all sizes.

“Through our partnership, we’re thrilled to offer our merchants funding via Liberis – without the need to give up equity in their businesses,” Youakim added.

Last month, US-based ecommerce giant eBay launched ‘Business Cash Advance’, a new revenue-based financing product provided by embedded finance platform Liberis.

Earlier this year, Liberis partnered with ecommerce software provider Shop Circle to address the ecommerce small business funding gap in the UK and US.