Wirecard digitises funding process for Credibly via virtual wallets

Wednesday 11 September 2019 13:00 CET | News

Wirecard and Credibly, a US-based business funding fintech company, have partnered to digitise Credibly’s funding disbursements.

This cooperation provides US SMEs with access to capital, flexibility in spending, and tools to manage businesses’ finances. As per the agreement, Wirecard will enable Credibly to issue working capital to its customer base on both physical and digital cards, improving funding speed via virtual wallets and offering a choice of payment methods to Credibly’s customer base.

In 2019, Credibly anticipates providing approximately USD 300 million to small and medium-sized enterprise (SME) clients. This volume will be available to be issued on cards by Wirecard, via Wirecard’s digital financial commerce platform, with added features like mobile wallet provisioning and access to Wirecard’s new mobile app.

According to a study by Guidant Financial, around 33% of small business owners in the US said that a lack of capital was their main challenge. Credibly solves this problem by offering tailored financing solutions for businesses, including working capital loans, business expansion loans, and merchant cash advances.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Wirecard, Credibly, virtual wallet, card, loan, US
Countries: World