Welcome to Elavon. If you’re looking for Opayo, you're in the right place. View Opayo products

Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

Partnership supports Elavon’s UK SME customers with personalised, convenient funding

LONDON, UK (08 December 2021) – Global payments company, Elavon, has partnered with Liberis, a global leader in providing embedded finance solutions, to offer funding for Small-to-Medium-sized enterprises (SME) in the UK. 

Through the partnership, Elavon’s SME customers will be able to apply for Liberis’ business cash advance for personalised and convenient financing based on their projected sales. Funding decisions can be made in as little as 24 hours for £2500 to £300,000. The financing can be paid back flexibly at a pre-agreed pace and percentage of their monthly card transactions. This will allow fast-moving and nimble SMEs to grow and scale.

Many small businesses have begun to recover in the wake of the pandemic.  According to Elavon’s July 2021 research with Opayo, 72% of UK small businesses have seen a rise in overall revenue compared to just 46% in April 2021. 

Despite this progress, many SMEs have faced hurdles to secure the financing they need to grow. According to recent figures by the Federation of Small Businesses, as many as 76% of small businesses are also facing rising operating costs such as utility bills and fuel costs which can be major barriers to growth1. 

Rafal Golebiewski, Head of SME, Elavon Europe says: 

“While most UK SMEs have seen their cash flow improve, many require financing to hire new staff, for refurbishment, purchasing new stock or investment to expand their business. Our business financing solution with Liberis is a fantastic added-value offering for customers that need it.” 

Liberis CEO, Rob Straathof adds:

“Our partnership with Elavon further strengthens our position in the global embedded business finance market. Our platform enables Elavon to integrate Finance as a Service into their ecosystem and offer Small Businesses access to fair and flexible revenue finance through a few clicks. Elavon has a large number of UK and Global SMEs who are looking for funding outside traditional bank loans, and we are well-positioned support their growth and ambitions.” 

Both companies have recently gone from strength to strength. Earlier this year, Elavon launched its award-winning Transaction Risk Analysis to help eCommerce businesses reduce payment friction and online cart abandonment while preventing fraud. 

Liberis recently expanded to Denmark. The fintech company is now active in seven countries across two continents and has provided over £500m in funding to more than 18,000 businesses.

Opayo by Elavon, formerly Sage Pay, has successfully partnered with Liberis on its cash advance solution since 2018. 

 

About  Elavon

Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go.

Its platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.

Elavon Financial Services DAC, trading as Elavon Merchant Services, is deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

 

Media Contact


Andy Walsh
andrew.walsh@elavon.com

Share:

Continue reading news

Elavon headline sponsor of Essex Rebels

Elavon headline sponsor of Essex Rebels

Elavon Transaction Risk Analysis

Elavon’s Transaction Risk Analysis

Hemlata Narasimhan joins Elavon

Hemlata Narasimhan joins Elavon