Elavon selects Liberis to offer financing solution

Partnership supports Elavon’s SME customers in Ireland with personalised, convenient funding

DUBLIN (August 12 2022) – Global payments company, Elavon, has partnered with Liberis, a global leader in providing embedded finance solutions, to offer funding for Small-to-Medium-sized enterprises (SME) in Ireland.

Through the partnership, Elavon’s SME customers will be able to apply for Liberis’ business cash advance for personalised and convenient financing based on their projected sales. Funding decisions can be made in as little as 48 hours for €4,000 to €300,000. The financing can be paid back flexibly at a pre-agreed pace and percentage of their monthly card transactions. This will allow fast-moving and nimble SMEs to grow and scale.

While small businesses have begun to recover in the wake of the pandemic, many SMEs have faced hurdles to secure the financing they need to grow. According to recent figures by the Dublin Chamber, as many as 89% of businesses faced rising operating costs such as energy bills in the past year, which can be a major barrier to growth^[1].

Rafał Gołębiewski, our Head of SME, says:

“While SMEs in Ireland continue to recover from the pandemic, cash flow can be a challenge. An injection of finance can help unlock business potential, whether it’s for refurbishment, to hire new staff, or buy stock. Our business financing solution with Liberis is a fantastic added-value offering for customers that need it,”

Liberis CEO, Rob Straathof adds:

“Our partnership with Elavon further strengthens our position in the global embedded business finance market. Our platform enables Elavon to integrate Finance as a Service (FaaS) into their ecosystem and offer small businesses access to fair and flexible revenue finance through a few clicks. Elavon has a large number of Irish and international SMEs who are looking for funding outside traditional bank loans, and we are well-positioned to support their growth and ambitions.”

Both companies have recently gone from strength to strength. Elavon’s acquisition of Opayo by Elavon, formerly Sage Pay, has strengthened its suite of small business solutions, and last year, it launched its award-winning Transaction Risk Analysis to help eCommerce businesses reduce payment friction and online cart abandonment while preventing fraud.

Liberis is now active in seven countries across two continents and has provided almost $1bn in funding through more than 45,000 transactions.

Opayo by Elavon has successfully partnered with Liberis on its cash advance solution since 2018.

1. Dublin Chamber Business Outlook Survey, May 2022