Liberis and Paytrail partner to service e-commerce businesses in Finland

Global embedded finance platform, Liberis, has agreed a partnership with Finnish online payment service provider, Paytrail. Paytrail Financing, powered by Liberis, is designed to offer e-commerce businesses in Finland revenue-based financing within a 4-click journey.

Revenue-based finance is not yet a staple in Finland despite its benefits to small and medium-sized businesses (SMBs). The. The flexible payment structure will work in line with SMBs revenue, ensuring they only pay when their customers pay them.

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“It’s our mission to help small businesses access the money they need to unlock short-term growth opportunities,” said Rob Straathof, CEO of Liberis.

“Our partnership with Paytrail will offer fast, flexible and pre-approved funding to around seven thousand merchants in Finland, strengthening our position in the Nordics.”

Joni Rautanen, COO of Paytrail added: “Partnering with Liberis enables us to offer additional services to our merchants to help them grow their businesses at pace. Following a fast and smooth implementation with Liberis, we will be able to provide funding that counts, when it matters to our customers.”

Liberis was founded in 2007 with a mission to provide small businesses with accessible and responsible finance, based on the belief that funding should always be a positive force for small businesses. Liberis has provided over $1bn of funding in over 60,000 transactions, enabling over 100,000 jobs to be created and saved. Also founded in 2007, Paytrail is part of the Nexi/Nets group. It has over 20,000 customers and also handles the online payment traffic for the State Treasury’s Suomi.fi payments service.

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