Cash Up-Front: The cash advance program provides working capital up-front to grow and support the merchant’s business.Lightspeed’s existing relationship with merchants makes for easier eligibility, underwriting and risk mitigation. Exclusively available to Lightspeed Retail and Lightspeed Restaurant users, it boasts the added benefit of personal insight into their specific business needs. The program is revolutionizing how traditional business funding works. On the heels of Lightspeed Capital’s successful launch in the United States, the Lightspeed Capital cash advance program for merchants has taken on new territories, heading to Australia, New Zealand, the United Kingdom and Quebec. Empowering Growth: Merchants have access to the cash flow they need to expand and take their business to the next level. Transparency & Stability: Flat-fee pricing, and no high or shifting rates, allows business owners visibility and peace of mind.Flexible Funding: Working capital is available in as few as 2 business days and can be used for any business need, from inventory and equipment through to staffing.Simple Application: A quick, seamless and stress-free application process for merchants with no personal credit checks. Lightspeed Capital empowers business owners with its unique approach to funding: Retail and hospitality entrepreneurs in the United Kingdom, Australia, New Zealand and Quebec can welcome a new era of business funding with Lightspeed Capital’s merchant cash advance program. Our goal is to help alleviate roadblocks that traditional funding channels may require so our merchants can continue to focus on what matters most: growing their business while providing the best customer experience.” This expansion aims to empower merchants who want to invest in their business. “We are thrilled to have expanded the Lightspeed Capital offering throughout the United Kingdom, Australia, New Zealand and Quebec. “Businesses are the backbone of our communities, and Lightspeed’s goal is to make owning a successful business easier than ever,” said Asha Bakshani, Chief Financial Officer at Lightspeed. Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space. Bolstering Lightspeed’s embedded financial services offering, the launch aims to empower businesses with flexible funding in the face of rising inflation costs and turbulent economic conditions. (NYSE | TSX: LSPD) has expanded Lightspeed Capital, its merchant cash advance program, to the United Kingdom, Australia, New Zealand and Quebec. MONTREAL, J(GLOBE NEWSWIRE) - Lightspeed Commerce Inc.
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