Fundomate partners with Poynt to bring automated business funding to US-based small businesses through Poynt Capital
Poynt, Inc., the world’s leading open commerce platform, has chosen Fundomate, a leading provider for turnkey business funding solutions, as its partner to bring automated business funding to its US-based customers.
By utilizing Fundomate’s white-label technology, APIs, and expertise in the alternative lending space, Poynt Capital provides merchants with pre-approved, affordable working capital offers based on their processing and business history. Merchants get access to industry-leading payment terms and rates, with no loan application required.
“Now more than ever, small businesses need a lifeline to cover expenses such as inventory, operating expenses, or marketing costs. With Poynt Capital, they have an easy way of accessing affordable working capital and repay at their own pace with a percentage of their daily sales,” says Sam Schapiro, CEO and Founder of Fundomate.
“Both the Poynt and Fundomate teams have put in a tremendous amount of work to bring Poynt Capital to our customers,” says Osama Bedier, CEO at Poynt, Inc. “We are beyond excited for the added value we can bring to Poynt merchants through our new funding program. Our easy approval process, one-click application, and next-day access to funds allow our customers to focus on what matters most: making their business thrive,” he added.