LianLian Global, a leading global cross-border payment service provider, announced the expansion of its global integrated ecommerce finance solution with the onboarding of global ecommerce financing heavyweights iwoca, RITMO, and YouLend. LianLian Global’s strategic position is to provide a variety of capital-access products to ecommerce sellers through its platform.
The partnerships announced cements LianLian Global as the world’s most integrated ecommerce payments and financing solution provider for online merchants in the US and UK. Additionally, LianLian Global has become the first global cross-border payment provider to offer significant pre-negotiated financing rates and options for its existing customers.As a result, their customers can expect a transparent finance structure with a flat fee as low as 2% on the capital provided and up to 20% discount from other high-street prices.
“We are pleased to announce our new partnerships with iwoca, RITMO, and YouLend. These partnerships signal our ambitions to become the world’s most integrated cross-border payments growth partner for ecommerce sellers around the world,” said Kevin Boland, VP International Business Development, LianLian Global. “At LianLian Global, we are fully committed to creating a holistic value-added service to ecommerce sellers by addressing their payments and finance needs through our platform.”
LianLian Global understands that a company’s cash reserves are not always sufficient to meet its needs. According to a 2021 Small Business Credit Survey in the US, over a one-third (37%) of companies applied for financing. However, 47% of non-applicants who needed loans did not apply. According to iwoca’s SME Expert Index in the UK, managing cash flow was the most common loan purpose for over two in five small businesses (42%) in Q3 2022, a 16 percentage point increase from the same period last year.