US e-commerce lender officially launches into UK market

A US data-driven alternative lending platform for e-commerce scaleups has today announced its expansion into the UK.

SellersFunding has launched into the UK and Canada as part of its international expansion strategy.

The US firm, which offers e-commerce companies access to funds without needing approvals that can affect credit scores, plans to expand into the rest of Europe to meet its growth targets for 2020.

Ricardo Pero, CEO of SellersFunding, explained: “Our mission is to make obsolete those funding challenges that have been historically difficult for online sellers to navigate. “Our solutions are designed to help sellers obtain the funding they need to seamlessly support their businesses, and to move money around the world.”

Fabio Knijnik, head of global business development for SellersFunding, commented: “We’re excited to officially announce our presence in the UK and Canada.

“With this expansion, we’ve also released a new version of our FX solution, SellersFX. Now, borrowers who reside overseas but have a US entity can receive funding as well as access to an e-wallet that supports over 30 different currencies.”