Cross-border payment service provider LianLian Global is teaming up with three European FinTechs to boost financing options for eCommerce merchants.
The company said named the three firms in a Monday (Nov. 14) press release: Spanish eCommerce technology company RITMO, as well as the embedded finance company YouLend and the small business lending platform Iwoca, both based in the U.K.
“We are pleased to announce our new partnerships with iwoca, RITMO and YouLend. These partnerships signal our ambitions to become the world’s most integrated cross-border payments growth partner for eCommerce sellers around the world,” Kevin Boland, VP of international business development at LianLian Global, said.
The payment service provider first introduced credit services to its U.K.-based clients in August.
First launched in the U.S. earlier this year, LianLian’s move into the U.K. aimed to help eCommerce merchants and entrepreneurs sell overseas, pay and get paid faster in significant markets, including China and the U.S.
The cross-border platform is available in the U.S. on eCommerce marketplaces including Amazon, Google, Rakuten, Shopify, Walmart, Allegro and others.
Also in August, LianLian Global and London-based FinTech Uncapped launched a partnership to give eCommerce merchants in the U.S. and U.K. access to financing to grow their business through the LianLian Global platform.
The partnership will enable client firms to secure loans of $100,000 to $10 million in under 48 hours.
LianLian Global has offices in 12 countries and has partnered with leading financial institutions such as Citi, Deutsche Bank and J.P. Morgan.
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