Liberis, the world's leading embedded finance platform, announced a partnership with Shop Circle, the number one e-commerce software provider. Shop Circle Capital, powered by Liberis, is designed to provide hassle-free, instant funding. This partnership will allow Liberis to expand its reach within the e-commerce industry through Shop Circle, giving retailers access to flexible financing solutions.
The partnership will launch in the UK and US and is expected to expand to other regions by the end of the year. In the UK, the small business funding gap is estimated at £22 billion (Bank of England). In the United States, two out of every three business owners who sought financing did not receive the funding they needed in 2022 (U.S. Small Business Administration). This partnership works to fill the funding gap experienced by small and medium-sized businesses through flexible financing that is dependent on the company's future revenues.
In the current economic environment, retailers face more challenges than ever before. Shop Circle offers a customized technology stack and custom packages for Shopify merchants, but we decided to go a step further to enable success and offer flexible financing solutions.
“With just two months from signing to launch, this partnership underscores our commitment to reducing time to market for both partners and merchants.” Rob Straasoff, CEO of Liberis, said: “Our mission has always been to help small businesses by providing fair and quick access to financing and eliminating funding gaps. By partnering with Shop Circle, we are expanding our reach. We are excited to offer revenue-based financing to more e-commerce businesses.”
Luca Cartechini, co-founder of Shop Circle, added: “Liberis stood out as the ideal partner for us because of their deep understanding of the financing challenges faced by small and medium-sized businesses. The fact that they integrate seamlessly into our platform and their vision to enable the growth of e-commerce businesses aligns perfectly with our mission.”
