SME Bank partners with kevin.

Monday 27 June 2022 13:32 CET | News

SME Bank, a Lithuania-based bank helping small- and medium-sized enterprises, has partnered with payment infrastructure provider kevin. to create a one-stop-shop for ecommerce business owners. 

The combined offering from SME Bank and kevin. simplifies life for SME owners. It creates a single point of entry for payment infrastructure enabling account-to-account payments across the Baltics, as well as revenue-based financing based on e-retailers’ expenses and profit.

The payment collection options on offer include an Open Banking-based Payment Initiation Service (PIS) enabling instant and end-user-friendly collections from majority of consumer with an account at a bank in the European Economic Area (EEA). Free Open Banking plugins from ecommerce providers, including WooCommerce, Prestashop, Opencart, and Magento, make integration simple and fast.

In addition, artificial intelligence-driven revenue-based financing decisions are available in under 24 hours and include collateral-free loans without personal guarantees. To help promote growth, the amount of financing available grows proportionally to the applicant’s business demand.

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Keywords: SMEs, banks, partnership, online payments, ecommerce
Categories: Banking & Fintech
Companies: Kevin, SME Bank
Countries: Lithuania
This article is part of category

Banking & Fintech



SME Bank

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