U.S. fintech startup SuperMoney announced on Monday it has launched its new No-Fee Financing Platform that offers point of sale financing opportunities for small businesses nationwide. The company reported that the platform making point of sale financing available for merchants and service providers across all industries including home improvement, health, are and specialty retail. Miron Lulic, Founder and CEO of SuperMoney, stated:
“We are empowering businesses with a full-featured point of sale financing solution that has been unattainable for millions of small businesses nationwide. Until now, the point of sale financing options available to small businesses have been archaic and painfully expensive. We’re expanding opportunities for merchants to boost sales at no cost to them. It’s also allowing consumers the opportunity to receive competing financing offers with more transparency when making purchases. This is a game-changer for economic growth.”
SuperMoney then added that it is partnering with banks, credit unions, and direct lenders to provide competing financing offers. Small businesses may now set up to offer financing in a matter of minutes on the platform.