Teya and Liberis team up to improve access to finance for UK merchants
Liberis and Teya join forces to offer fast and flexible finance solutions, empowering Teya's merchants for accelerated growth.Return to newsroom
Teya Cash Advance will be accessible in less than a minute through Liberis’ embedded finance platform.
Wednesday 7th June 2023 | London, UK – Teya, the customer-centric operating system and financial service provider for merchants in Europe, has today announced its partnership with Liberis, the UK’s leading embedded finance platform.
Aiming to help business owners to manage their cash flow better and grow their operations, the partnership will allow Teya to further support their customers by offering pre-approved revenue-based finance through a simple application journey. It also means that merchants will be able to have funds in their account in as little as 48 hours.
Together, Teya and Liberis will make access to finance simpler and fairer for people running small and medium businesses, whilst also ensuring a positive user experience through embedded technology. Teya’s Cash Advance solution will soon mean that merchants can quickly access flexible and reliable financing, improving their cash flow. Compared to a lengthy application process, such as at a traditional bank, the partnership will also ensure a seamless onboarding and renewal journey as well as in-life experience and dedicated customer support.
Teya Cash Advance is currently operating a closed beta with wider roll out expected later in 2023.
Pranay Ahluwalia, CEO of Credit at Teya, commented: “Teya’s partnership with Liberis is an exciting step in our journey to support people running small and growing businesses in Europe. Like us, the team at Liberis understand the complexities around funding and payments, and believe in making the process simple and efficient. They share our dedication to SMEs and entrepreneurs for the long haul – particularly as they scale and grow – and together our technology means we can offer the fair, flexible, and trustworthy solutions that merchants deserve.”
Rob Straathof, CEO and Founder of Liberis, said: “We’re delighted to be working with Teya, who share our ethos of helping to support small businesses. SMEs play a vital role in our communities and our economy, and our embedded finance technology will level the playing field for these integral players and help promote the UK’s economic recovery.”
Notes to Editors
- Harriet Allner, Head of PR || Email: firstname.lastname@example.org
- Kieran Darmody, Head of PR || Email: Kieran.Darmody@liberis.com
Teya exists to ensure that every small, medium and growing business in Europe has the opportunity to thrive. Our payments and business management technology is designed to help the people running businesses to take hassle-free payments, manage their business, and find and reward their customers – all on fair terms. We want to free business owners from the everyday complexities and headaches that stop them from being successful. With our commitment to care and innovation, they can feel confident in making the most of every opportunity and experience the joy of running a business.
Liberis builds flexible embedded finance solutions that empower businesses and provide positive impact. Founded in 2007, Liberis is a leading global embedded finance platform with a mission to provide small businesses with accessible and responsible finance, based on the belief that funding should always be a positive force for small businesses. Liberis provides partners with the technology platform and financial solutions to offer hyper-personalised and accessible funding, empowering their small business customers to grow their revenues. With over 14 global strategic partners and direct reach to more than 1 million small businesses, Liberis has provided nearly $1bn of funding in over 45,000 transactions, enabling over 100,000 jobs to be created and saved. Liberis’ revenue-based finance is a form of receivables finance, not a loan. Amounts advanced are subject to status and our underwriting process before any offer can be made. https://www.liberis.com/
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