PayPoint has extended its partnership with Funding Circle which provides its network of 28,000 UK retailer partners access to funding.
The news follows the successful launch of a partnership between Funding Circle and Handepay, part of the PayPoint Group and leading card payments solutions provider, in October 2022. The extension of the partnership will allow retailers on its loyalty scheme to apply for a Funding Circle loan.
The companies claim applications take no longer than 10 minutes to complete, with no more than a 24-hour wait for a decision to be made.
Mark Latham, Banking Services Director at PayPoint, said: “At PayPoint, we’re always looking at ways to support retailers to help them get the most out of their stores and this partnership with Funding Circle does exactly that.
“When businesses want to invest in adapting to market conditions, they should be able to do so swiftly and with confidence. This was the key reason for expanding PayPoint Group’s partnership with Funding Circle and I look forward to building on the opportunities we can offer small businesses across our network over the coming year.”
