Tie-up between industry leaders vastly expands entrepreneurs’ funding options
Payability, the country’s leading independent funding and payments platform for eCommerce sellers, announced a partnership with Lendio, the largest marketplace for small business loans in the U.S.
“We are devoted to doing what’s best for entrepreneurs and supporting them as they grow. With Lendio as our partner, we are proud to now be able to expand the options we can present to business owners to help them fund their growth”
With the new partnership, Payability is continuing to expand its role as a funding and payments provider. For those applicants that Payability is unable to fund, through its relationship with Lendio, the company can now present them with the largest network of lending partners in the U.S., vastly expanding funding options.
“We are devoted to doing what’s best for entrepreneurs and supporting them as they grow. With Lendio as our partner, we are proud to now be able to expand the options we can present to business owners to help them fund their growth,” said Keith Smith, Co-founder and CEO of Payability.
Securing funding has become more critical than ever for fledgling businesses this year. The impact of COVID and supply chain issues have hit enterprises hard globally with small businesses often feeling the biggest hit.
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The news of Payability’s partnership with Lendio comes as the company continues its expansion in the lending and payments space boosted by a record year of growth in 2020. In recent months the New York-based funding and payments firm has added two new board members, and added to its ranks hiring a new V.P. of Growth Marketing Deidre Hudson and Stripe’s former head of B2B growth Anas Sohail as Head of Sales.
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