WorldFirst uses its cross-border payment infrastructure that allows customers to open free business accounts abroad and pay their beneficiaries in their local currencies, while collecting payments from marketplaces and payment gateways.
On the other hand, RITMO, an online growth platform specialised in financial solutions for online selling SMEs will provide access to its working capital loans. SMEs in the ecommerce field can apply for loans up to GBP 3 million through one of WorldFirst’s designated partners and benefit from discount rates. Once the loan is approved, the SME will receive the funds in its business account in five days.
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