UK FinTech Funding Circle has launched FlexiPay, a product that brings buy now, pay later options to businesses.
In Brief:
FlexiPay is the first payments facility offered by Funding Circle.
Businesses can access between £2,000 and £30,000 via the solution.
It enables businesses to spread invoice payments over three months.
What does this mean?
Funding Circle has made buy now, pay later for business possible through machine learning risk models and Instant Decision Lending technology, meaning applications can be accepted in minutes. It hopes to help businesses with cash flow problems so they can deal with unexpected payments and have greater flexibility to negotiate pricing.
