Viva.com has launched Merchant Advance in Europe, a solution designed to address the critical cash flow challenges faced by thousands of businesses. This service, now available in Belgium, Germany, the Netherlands, and Spain, with plans to expand, offers instant, paperwork-free loan disbursements based on merchant-acquiring data. It’s a tailored working capital solution that enables European merchants to have instant access to financing.
Merchant Advance by Viva.com is a significant part of its digital payments bundle, aiming to fulfill all payment and financing needs of European merchants with efficiency, transparency, and speed. This new credit solution is particularly designed to help businesses invest in their growth by providing:
- Immediate Loan Disbursement: Businesses of any size can access capital instantly, allowing them to invest in growth opportunities without delay.
- Revenue-based Payment Flexibility: The repayment process is flexible, automated, and based on a percentage of daily card sales, offering businesses ease and peace of mind.
- Smart Prescoring: Utilizing advanced payments data analysis for each business, ensuring a quick and hassle-free loan approval process.
- No Hidden Costs: A single, clearly explained fixed fee is charged, with no hidden costs or interest charges, making financial planning straightforward for businesses.
A Game-Changer for European Merchants
Viva.com’s Merchant Advance is set to change the game for European merchants, offering an innovative, flexible, and transparent capital solution that allows them to grow without restrictions. Its integration into Viva.com’s suite of products, built to solve payment issues for businesses of all sizes, highlights the company’s commitment to supporting the financial health and growth of businesses across Europe.
Yannis Larios, Senior VP Strategy & Business Development at Viva.com, emphasized the importance of reliable and flexible capital for growing businesses and highlighted how traditional capital providers’ lengthy vetting processes can hinder business growth.
Having access to reliable and flexible capital is critically important for growing businesses, but for millions of European merchants it’s a real struggle to find the right solution. Traditional capital providers, and even newer market entrants, have to vet businesses properly, which results in time-consuming processes before any decision is made.
Viva.com’s Merchant Advance changes the game, allowing our customers instant access to working capital based on smart prescoring. This allows us to offer instant, flexible and transparent capital that they can use to grow without restrictions. Merchant Advance is the latest addition to our product suite, built to solve payment issues for businesses of all shapes and sizes.
