SA Start-Up Payflex Announces Partnership With Merchant Capital To Provide Ideal Working Capital Solutions
SA Start-Up Payflex Announces Partnership With Merchant Capital To Provide Ideal Working Capital Solutions.
South African startup Payflex has partnered with Merchant Capital to bring its clients an ideal working capital solution for retailers.
People can go to through the Payflex portal and receive their flexiadvance offer via email, they can customise their offer to suit their business needs, they can also sign their contract digitally and receive their funds in under 24 hours.
There are a lot of benefits such as no documentation, Fully digital process, fixed cost of funding and there are no additional fees. Playflex’s technology and service has been built by a passionate bunch of people with deep backgrounds in financial services, payments and technology. The company has a common goal to deliver a world-class payment solution to shoppers that is superior in all respects to traditional credit-based payment products. Payflex is backed by ZIP, a leading Australian fintech company with over 3.5 million customers across the US, UK, Australia and New Zealand.
In 2017, the company realised that South Africans needed a new way to pay. A payment solution that does not rely on costly credit – and is simple to use. A payment revolution that helps consumers get what they want today and pay later over 6-weeks, interest-free. So it looked abroad and brought the best of the Buy-Now Pay-Later (BNPL) payment revolution to the shores. The best of Afterpay, Klarna and Zip, localised and improved to meet the needs of South African shoppers. Payflex is on a mission to sign-up every eCommerce store in South Africa so that all shoppers everywhere can pay with an interest-free payment plan. What’s good for the customer is also good for the merchant, who will boost their sales by 30% with Payflex.
Since it’s inception in 2012 Merchant Capital has grown with the South African business community; learning its industries, understanding their needs and funding their futures. During that time Capricorn Capital Partners, Rand Merchant Investment Holdings and Standard Bank have become shareholders in Merchant Capital. Working alongside the company to bring the cash advance product to even more business owners like.
