Enfuce Partners with Funding Circle to Launch FlexiPay Business Credit Card

Published 8 months ago

Embedded finance solutions provider, Enfuce, has announced a partnership with UK’s top small business lending platform, Funding Circle, to launch a new small business credit card as a part of their FlexiPay product.

FlexiPay: Aiding Small Businesses

FlexiPay is a revolving line of credit designed to assist small UK businesses in spreading various business costs and managing their short-term cash flow needs. With the addition of the new business credit card feature, Funding Circle expands its offerings to cater to more of its customers’ needs, providing small businesses with the flexibility to borrow, pay, and spend.

The FlexiPay card was developed through Enfuce’s MyCard service, an app that aids companies in launching their own card app, streamlining the process. Small businesses can utilize the business credit card for upfront payments to suppliers and cover costs such as stock, equipment, and energy bills. FlexiPay also introduces a free app, ‘FlexiPay by Funding Circle’, enabling customers to pay bills, schedule payments, and manage their line of credit while on the move.

Funding Circle’s Commitment to Empower SMEs

Listed on the London Stock Exchange, Funding Circle has a robust commitment to empowering SMEs. It has extended credit to over 140,000 businesses globally, amounting to more than £16 billion. The partnership with Enfuce will augment Funding Circle’s product offering while furthering its mission of backing small businesses with hassle-free lending.

Enfuce: A Year of Growth and Innovation

The announcement follows a successful year of innovation and growth for Enfuce, which recently entered the UK market and inaugurated a new office in London. In addition to its modular card issuing and payment processing solutions, Enfuce also manages licensing, financing, compliance, and fraud management.

About Enfuce and Funding Circle

Founded in 2016, Enfuce is a global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities.

On the other hand, Funding Circle, established in 2010, is a lending platform for small business borrowers. Globally, Funding Circle has provided £16bn in loans to approximately 140,000 businesses.