Renewals

A renewal offers existing Businesses the opportunity to secure additional financing and is designed for those demonstrating strong payment performance.

Eligibility criteria

To qualify for a renewal, Businesses must:

• Currently have Funding with us and have paid at least 60% of the outstanding amount. This applies to both the first Funding and any subsequent renewals.
• Show good payment behaviour and maintain consistent sales performance, as evidenced by the data we continuously receive.

Application process

The renewal process is fully automated:

• We continuously reassess eligibility for renewals with each payment received, ensuring that Offers are timely and relevant.
• Since we already possess comprehensive sales and performance data, in most cases, no additional information is required from the Platform.
• Eligible Businesses will find their renewal Offers automatically displayed in their payment dashboard. Additionally, an email notification will be sent directly to them detailing the new Offer.

Benefits of renewals

Renewals often come with improved terms compared to the initial Funding:

• As our familiarity with the Business increases, we can offer higher payout limits.
• Improved understanding of the Business’s financial behaviour allows us to reduce the fees associated with the new Offer.

This process not only simplifies the administrative burden but also enhances financial flexibility for Businesses.