LianLian Global, a supplier of cross-border payment services, is collaborating with three European FinTechs to expand the financing alternatives available to online retailers.
The three companies were identified by the company in a news statement on Monday, Nov. 14: Spanish eCommerce technology startup RITMO, embedded finance provider YouLend, and small business loan platform Iwoca, both headquartered in the United Kingdom.
“We are excited to share the news of our new collaborations with iwoca, RITMO, and YouLend. VP of international business development at LianLian Global Kevin Boland said, “These partnerships signal our ambitions to become the world’s most integrated cross-border payments growth partner for eCommerce sellers around the world.
The payment service company started providing credit services to its clients in the UK in August.
The goal of LianLian, which was originally launched in the U.S. earlier this year, is to let eCommerce merchants and company owners sell abroad, pay swiftly, and receive payments in significant markets like the U.S. and China.
Through online retailers like Amazon, Google, Rakuten, Shopify, Walmart, Allegro, and others, the worldwide platform is reachable in the United States.
In order to give eCommerce merchants in the U.S. and U.K. access to financing for business expansion using the LianLian Global platform, a partnership between LianLian Global and the London-based FinTech Uncapped was also established in August.
The arrangement will enable client businesses to obtain loans between $100,000 and $10 million in less than 48 hours.
Having locations in 12 different countries, LianLian Global works with renowned financial organizations including Citi, Deutsche Bank, and J.P. Morgan.
