Business
Lightspeed Capital Launches for U.S. Retail Customers
Lightspeed Capital Launches for U.S. Retail Customers Canada NewsWire MONTREAL, ...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n\n\n\nLightspeed Capital Launches for U.S. Retail Customers\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\nCanada NewsWire\nMONTREAL, Aug. 5, 2020\n\n\n\nGlobal cloud commerce leader introduces a flexible financing product that will help SMBs scale-up in partnership with Stripe\n MONTREAL, Aug. 5, 2020 /CNW Telbec/ - As the retail industry continues to adopt innovative solutions amidst the global pandemic, Lightspeed announces the initial availability of Lightspeed Capital, powered by Stripe. Through financing offers, this new product will help U.S.-based merchants with overall business growth, more specifically to buy inventory, invest in marketing, or manage cash flows. It is available for retailers using Lightspeed Payments in the U.S. and provides financing of up to $50,000 USD per retail location.\n\n \n \n \n \n \n \n\n \nFeatured benefits of Lightspeed Capital for retailers include:\nFast and Efficient Approval Process: Unlike traditional financial institutions, there is no lengthy application or collateral obligations, and approved funds are typically deposited the next day Automated and Flexible Repayments: A percentage of daily sales will automatically be repaid against the borrowed amounts, keeping repayment flexible to suit the needs of the business Accessible Reporting: Retailers can review how much has been repaid in real time with data built into Lightspeed's software, providing one seamless platform to manage both payments and capital funds Data-Driven Eligibility: Approval is based on a retailer's history with Lightspeed Payments, and draws on data from Stripe's global business network\"Lightspeed retailers have always outperformed the broader industry and this has been more apparent than ever during COVID-19 as these innovative merchants have leveraged omnichannel solutions to meet customer demand,\" said Dax Dasilva, Founder and CEO of Lightspeed. \"The introduction of Lightspeed Capital is one more tool to help them digitally transform their business and continue to outpace the industry.\"\n\"W...