Of course, the two-year partnership extension between Worldpay and Liberis will come with additional innovation initiatives too. This includes a four-click application process for SMEs to receive up to US$1m in funding from Worldpay, made possible through a single API integration with Liberis.
By continuing to drive these payments efficiencies for businesses worldwide in partnership with Liberis, Worldpay feels it can substantially address the current funding gap faced by SMEs.
To date, Liberis has (via Worldpay) provided more than US$1bn in financing through over 55,000 transactions across Europe, the USA, and the UK, with hopes for much more in the future.
Rob Straathof, CEO of Liberis, says: “We understand the unique challenges SMEs face when securing financing, and our collaboration aims to address those challenges head-on.
“With our combined reach and resources, we can provide SMEs with the flexible and personalised financial solutions they need to thrive in today’s competitive business landscape. This collaboration demonstrates the strong commitment of Liberis and Worldpay to closing the SME funding gap that is holding up not only these companies but the wider world economy as a whole.”
Seamus Smith, EVP Group President at FIS, adds: “Embedded finance is a key pillar of growth for Worldpay.
“The embedded finance opportunity is expected to reach US$606bn in 2025, and working with partners like Liberis is essential to enabling Worldpay to capture our share while at the same time providing the best and most relevant products and services to our customers. Consumers want what they want, when and where they want it.”
