Viva.com Launches Merchant Advance to Solve Cashflow Issues for European Businesses

Europe’s pioneering technology bank for payments, Viva.com, has rolled out a new credit solution, Merchant Advance, aimed at resolving cashflow issues for thousands of businesses across Europe.

Instant Capital for Business Growth

Merchant Advance allows businesses to instantly access capital for growth, catering to organizations of any size or type. The service, built on merchant acquiring data, provides transparent capital to businesses. Merchant Advance is currently available in Belgium, Germany, the Netherlands, and Spain, with plans to expand to other European countries soon.

Unlike other capital providers requiring lengthy application processes, Merchant Advance leverages the merchant’s payment history with Viva.com, providing nearly instantaneous capital without complications.

Key Features of Merchant Advance

The features of this new offering include Smart Prescoring, a data analysis system for each business, and near-instant loan disbursement for prompt access to capital. All charges are transparent with a single, explained fixed fee and no hidden costs or interest charges.

The repayment process is seamless, automated, and flexible, with repayments made via a percentage of daily card sales. The repayment time is adjustable, and there are no late payment fees. The process is completely digital, requiring no collateral or other commitments.

A New Addition to Viva.com’s Digital Payment Bundle

Merchant Advance is the latest addition to Viva.com’s market-leading digital payments bundle, a suite of integrated services designed to power all businesses across Europe. From acquiring and issuing to business accounts and tailored financing, Viva.com’s solutions support limitless business growth.

Yannis Larios, Senior VP Strategy & Business Development at Viva.com, highlighted the importance of reliable and flexible capital for growing businesses. He noted that the Merchant Advance changes the game by offering customers instant access to working capital based on smart prescoring. This enables the offering of instant, flexible, and transparent capital that businesses can use to grow without restrictions.

Merchant Advance is provided through leading financial partners, according to Viva.com.