eCommerce financing is a type of funding given to businesses to help them unleash their full potential and grow without being bound by their limited working capital. Most eCommerce businesses use this funding to purchase more stock and cover their marketing expenses as well as other operating costs such as storage and fulfilment.
Flinke presents a new approach to financing, with technology that can match your business with relevant loans and other lending options. We remove the hassle from financing by giving your business access to multiple financiers through one simple application.
This article will explain how your business can receive eCommerce financing through the Flinke portal.
Let’s delve deeper into this…
Usually, when an eCommerce business is looking for funding, they must fill in multiple applications to check their eligibility. This process takes months, placing constraints on the eCommerce business’ growth.
After speaking with many eCommerce businesses, we have identified fundamental problems that every eCommerce business faces, with financing being the first hurdle. We at Flinke have devised a solution to simplify this process, and are currently developing further solutions for other eCommerce-oriented issues (so keep an eye out).
How can I use the portal to receive funding?
eCommerce businesses can receive funding from over 100 financial institutions within minutes through our financing portal. Here’s how, in a few easy steps!
Your company must be registered and in business for at least six months with a solid credit history. It must also be selling products through an e-Commerce Marketplace Platform. Once these requirements have been met, head over to our Financing Portal and follow the steps below:
Register your company on the financing portal (only necessary for first-time users)
Flinke verifies the details of your company (fully digital and no paper documents)
Integrate your bank account with Flinke to get personalised results
View all financial institutions that you are eligible to receive funding from
Submit any additional documents
Once you have been approved, funds are transferred to the account instantly
Each financial institution has different requirements regarding interest rates, repayment terms, and decision times. However, the platform allows you to select the financial institution that suits your needs after performing a thorough risk analysis. So, we only connect financial institutions and eCommerce businesses with a high match rate – think of Flinke as Tinder but for financing eCommerce businesses!
Ready to unleash your full potential? Head on over to our financing portal and create your account.
Access our live chat feature on the Flinke website if you have any questions – our team is happy to hop on a video call instantly if you need them.
