Business
Lightspeed Builds on Financial Services, Expanding Lightspeed Capital in the U.S.
Lightspeed Builds on Financial Services, Expanding Lightspeed Capital in the U.S. ...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed Builds on Financial Services, Expanding Lightspeed Capital in the U.S.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n Lightspeed Capital expands in hospitality and retail verticals, increasing qualified merchants by integrating recent acquisitions\n \n \n \n \n MONTREAL, QC\n \n ,\n \n Oct. 22, 2021\n \n /PRNewswire/ -\n \n Lightspeed Commerce Inc.\n \n (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced the expansion of its popular Lightspeed Capital program. This expansion means the Lightspeed Capital program is now available to eligible U.S. customers along with recently integrated merchants from the acquisitions of Upserve, ShopKeep, and Vend. This latest expansion increases the portion of Lightspeed's merchant customer base to whom the offering is available by approximately 40%. Lightspeed currently anticipates further expanding the offering to retail and hospitality customers in APAC by the end of 2021.\n \n \n \n \n \n \n \n \n \n Independent businesses continue to face barriers when trying to obtain capital. The expansion of Lightspeed Capital provides rapid access to funds, often as soon as the next business day. Lightspeed Capital is an extension of Lightspeed Payments, and this expansion puts Lightspeed in an opportune position to grow in international markets where it has successfully launched Payments. Lightspeed also aims to accelerate growth of its financial services to the Supplier Network (expanded via its acquisition of NuOrder). This next step will allow Lightspeed to power and integrate even more key business needs from a single commerce solution.\n \n \n \"Local businesses are the backbone of our communities, and Lightspeed's goal is to make owning a successful independent business easier than ever. We believe real-time access to capital is one of the largest challenges facing independent merchants today,\" said\n \n Lightspeed's GM of Glob...