Elavon funds hundreds of their customers through a seamless partnership with Liberis

“Since we launched Elavon Business Finance, hundreds of our customers across the UK and Ireland have benefitted from the more than £26 million in funding delivered for investment in their businesses. As a customer-centric business, enabling our customers to grow as they need to, rests at the core of our values at Elavon.”

Eva Paredes, Head of Small and Medium Businesses, UK and Ireland

The Challenge

Elavon wanted to address the cashflow concerns of their customers following the pandemic.

Elavon conducted research on their existing customers just after the pandemic hit to understand how they could best support them. Overwhelmingly, their findings revealed concerns about cash flow and the ability to stay afloat and invest in alternative business models as consumer behaviours were forced to change.

The Solution

Elavon searched the market for the right partner fit and found Liberis.

Elavon explored the market for credible partners to enable them to supply cash flow support to their customers by leveraging their core offering of payments. Liberis was the obvious choice, given our credentials and seamless end-customer experience. When Elavon partnered with Liberis to introduce ‘Elavon Business Finance’, it came at a time when it was difficult for small businesses to obtain an unsecured loan, so it seemed the right fit for them and their customers.

“Since we launched Elavon Business Finance, hundreds of our customers across the UK and Ireland have benefitted from the more than £26 million in funding delivered for investment in their businesses. As a customer-centric business, enabling our customers to grow…

Eva Paredes, Head of Small and Medium Businesses, UK and Ireland

The Result

The product offers additional value to Elavon’s small business customer proposition, and a rewarding partnership with Liberis.

Our small business customers find Elavon Business Finance very useful because it solves a vital issue for them – cash flow. The product is easy to manage, giving them the cash injection they need to hire new staff, undertake refurbishments, buy stock, or for whatever their urgent needs are. Because of the way the finance payments are structured, customers never feel like they’re paying back too much at a time. It goes with the flow of their daily card transaction volumes. Since launching ‘Elavon Business Finance’, hundreds of their customers across the UK and Ireland have benefitted from the more than £26 million in funding delivered for investment in their businesses.

The Future

Expansion, expansion, expansion!

Elavon’s partnership with Liberis has already benefitted their customers in the UK and Ireland, and they want to grow their ‘Elavon Business Finance’ offering into other markets. ‘We can’t do this alone – Liberis is a key part of this, and we see our partnership only getting stronger.’