Global embedded finance platform, Liberis, has agreed a partnership with Finnish online payment service provider, Paytrail. Paytrail Financing, powered by Liberis, is designed to offer e-commerce businesses in Finland revenue-based financing within a 4-click journey.

Revenue-based finance is not yet a staple in Finland despite its benefits to small and medium-sized businesses (SMBs). The. The flexible payment structure will work in line with SMBs revenue, ensuring they only pay when their customers pay them.

“It’s our mission to help small businesses access the money they need to unlock short-term growth opportunities,” said Rob Straathof, CEO of Liberis.

“Our partnership with Paytrail will offer fast, flexible and pre-approved funding to around seven thousand merchants in Finland, strengthening our position in the Nordics.”

Joni Rautanen, COO of Paytrail added: “Partnering with Liberis enables us to offer additional services to our merchants to help them grow their businesses at pace. Following a fast and smooth implementation with Liberis, we will be able to provide funding that counts, when it matters to our customers.”

Liberis was founded in 2007 with a mission to provide small businesses with accessible and responsible finance, based on the belief that funding should always be a positive force for small businesses. Liberis has provided over $1bn of funding in over 60,000 transactions, enabling over 100,000 jobs to be created and saved. Also founded in 2007, Paytrail is part of the Nexi/Nets group. It has over 20,000 customers and also handles the online payment traffic for the State Treasury’s payments service.

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