17 November 2023

Enfuce and Funding Circle partner to support SMEs

Written By FinTech Alliance in SME Finance

Enfuce and Funding Circle partner to support SMEs

Enfuce, the leading provider of embedded finance solutions today announces a new partnership with the UK’s leading small business lending platform, Funding Circle, to launch its new small business credit card as part of its FlexiPay product.

In brief:

-FlexiPay is a revolving line of credit that helps small businesses in the UK to spread a wide variety of business costs and manage their short-term cash flow needs.

-By adding the new business credit card feature, Funding Circle has further expanded its offering to serve more of its customers’ needs

-Small businesses can use the business credit card to make upfront payments directly to suppliers, and cover expenses like stock, equipment and energy bills.

What does this mean?

Jerome Fernandez, Managing Director of FlexiPay at Funding Circle said: “We’re really excited to have launched FlexiPay to help small businesses manage their cash flow, which we know is one of their biggest pain points. We’ve expanded our offering to meet more customer needs by giving them more ways to spend. We’re pleased to be partnering with Enfuce in launching the card which is another milestone in our ongoing product development journey.”

Read more here.

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