Of course, the two-year partnership extension between Worldpay and Liberis also comes with further innovation efforts. It includes a four-click application process for small and medium-sized businesses to receive up to USD 1 million in funding from Worldpay, enabled through a single API integration with Liberis.
Worldpay feels that by partnering with Liberis to continue to drive payment efficiency for businesses around the world, we can substantially address the current funding crunch faced by small and medium-sized businesses.
To date, Liberis has provided over USD 1 billion in funding (via Worldpay) through over 55,000 transactions in Europe, the US and the UK, with more expected in the future.
Rob Straasoff, CEO of Liberis, said: “We understand the unique challenges that small and medium-sized businesses face when raising capital, and our collaboration aims to address those challenges head-on.
“Our combined reach and resources allow us to provide small businesses with the flexible, personalized financial solutions they need to succeed in today's competitive business environment. It demonstrates Liberis and Worldpay's strong commitment to eliminating the funding gap for small and medium-sized businesses that is holding back not only businesses but the broader global economy as a whole.”
Seamus Smith, FIS Group President and Vice President, added: “Embedded finance is a key pillar of Worldpay's growth.
“Embedded finance opportunities are expected to reach USD 606 billion in 2025, allowing Worldpay to capture our share and at the same time offer our customers the best and most relevant products and services. “Consumers want what they want, when and where they want it.”
