SellersFi, a global e-commerce financing and financial services company, announced a financing solution with Amazon that will provide eligible Amazon sellers with access to credit lines of up to $10 million through Amazon Lending.
Through this relationship, eligible Amazon sellers can now seamlessly access broader lines of credit to support their Amazon stores.
âSellersFi was launched seven years ago to address e-commerce sellersâ paramount challenge: to secure the right capital to grow their businesses,â stated Ricardo Pero, co-founder and CEO of SellersFi. âThis relationship with Amazon highlights our dedication to transforming e-commerce financing to empower small and medium-sized businesses with the accessible financial tools they need to focus their energy and aspirations on amplifying their businesses and attaining exceptional growth.”
Sellers face a range of hurdles in building successful online businesses including competition, order fulfillment, visitor conversion, marketing and more. Even when effectively addressing those factors, however, 32% of e-commerce startups fail due to running out of money, according to research by Marketing Signals. These lines of credit from SellersFi and Amazon Lending are meant to support sellers experiencing such challenges.
“Working with the Amazon Lending team has been an exceptional experience for SellersFi,” said Leonardo Felisberto, Head of Global Business Development and Partnerships at SellersFi. “Their dedication to empowering sellers aligns perfectly with our mission, and together, we’ve unlocked more possibilities for e-commerce entrepreneurs. Weâre hopeful this can be another step toward supporting the growth aspirations of online sellers in the US and beyond.”
âAmazon is committed to providing our sellers with flexible and convenient access to capital, regardless of their size,â said Tai Koottatep, director and general manager, Amazon WW B2B Payments & Lending. âThrough this lending option with SellersFi, weâre able to strengthen that commitment and offer sellers even more opportunities to grow their business.â
This announcement bolsters SellersFiâs expansion as a financial services platform. The company currently offers working capital, prepaid debit cards and digital wallets with insurance, business credit and debit, and checking accounts in the pipeline.
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