FIS Announces Working Capital, Powered by Liberis, to Provide Alternative Funding Solutions to U.S. Small Businesses
The FIS Working Capitalsolution helps SMBs access the funding they need to grow their businesses.
- This alternative finance solution streamlines the capital funding application and payment process for SMBs.
- This innovative solution is the latest offering within the Worldpay from FIS merchant solutions portfolio.
FIS acquired Worldpay on
July 31, 2019.
Through its Working Capital solution, Worldpay from FIS merchants in the U.S. can apply online for the cash they need to grow their business and get approved in minutes. Since its launch in
The need for alternative funding is significant in the SMB market. Studies show that on average, only 27 percent of US-based small business loan applications get approved by traditional banks.1 As business owners seek funding from new sources, U.S. SMB merchants can use Working Capital to apply for and secure funds quicker and more easily than from traditional lenders.
“SMBs are often so busy running their shops that the traditional bank loan process takes too much time,” said
Worldpay and Liberis originally teamed in the
“Liberis’ mission is to reshape small business finance for good,” said
For more information about Working Capital, visit https://www.worldpayworkingcapital.com/.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
Founded in 2007, Liberis is reshaping small business finance for good. It provides access to simple, flexible and fair finance for small businesses that they pay only when customers pay them. Headquartered in the
For more information about Liberis, please visit: www.liberis.com
1 “Exploring the Intricacies of the Merchant Cash Advance,”
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications