Data-driven alternative lending platform SellersFunding (we interviewed them here) recently partnered with innovative payments facilitator PingPong Global to deliver new solutions to online sellers that enable fast, frictionless cross-border payments. With this partnership, loans offered by SellersFunding will be backed by receivables originated in US dollars for small businesses based in pre-approved countries, including the UK.
This partnership fuels global growth ambitions for online sellers that don’t currently have a US footprint. In addition, merchants using SellersFunding’s platform will have access to cross-border capabilities like setting up legal payment options from cross-border selling platforms, offering safe and affordable transactions to pay foreign suppliers and navigating foreign tax obligations.
“For online sellers, it’s not where they are based but where their sales take place that matters, especially from a consumer market perspective. Sellers with well-established businesses and well-positioned brands will succeed in virtually any market, and together with PingPong, we’re happy to bring the U.S. into the fold. We’re excited to help our sellers thrive no matter where they’re based – from England to Australia and the markets in between.”
– Ricardo Pero, CEO, SellersFunding
This latest partnership comes on the heels of SellersFunding’s acquisition of amzLenders, an online lending platform specifically built to service the needs of Amazon sellers. Prior to the acquisition, SellersFunding launched its operations in the UK and Canada, extending the reach of its ecommerce solutions.
Small businesses interested in leveraging SellersFunding’s platform can apply for the funding option that best fits their ecommerce needs.