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March 10, 2023
eFunder.ai and Mamo Pay: Simplifying Financing and Payments for Businesses
We are excited to announce our partnership with Mamo Pay, the DFSA-regulated payment provider that allows businesses to collect money instantly and securely. This partnership allows eFunder.ai users to access financing solutions through our platform, based on their pay-outs generated through the Mamo Pay payment gateway. By receiving four weeks' worth of your future sales in advance, you can generate consistent cash flows and scale up your business to new heights. To celebrate this partnership, eFunder.ai is offering an exclusive promotion for Mamo Pay customers. Sign up with eFunder.ai using the promo code “MAMOFUND” and receive a 10% discount on pricing. This offer is available for a limited time only, so apply today to get the funds you need to accelerate your business growth. Mamo Pay for Business users can also benefit from this partnership. For a limited time, Mamo Pay for Business’ highest tier - Premium - is available to eFunder.ai users free of charge for two months. Simply enter the code “EFUNDER” while registering and experience an optimized business payment portal without the stress of set up costs, deposits, or complex gateways. We are committed to being your financial partner of choice, and this partnership with Mamo Pay is just another step towards providing you with the best solutions tailored to your business needs. Our aim is to help you unlock your business growth, and we believe that this partnership will enable us to do just that. Sign up with eFunder.ai and Mamo Pay for Business today to experience simpler, faster, and friendlier payments.
October 25, 2022
Get Quick Access To Steady Cash Flow With eFunder.ai
With retail eCommerce sales worldwide forecast to reach about 8.1 trillion dollars by 2026, it's never been a better time to start an online business. Add to it the relatively low barrier of entry to start an eCommerce company, which makes it a promising choice for aspiring entrepreneurs. Online businesses, regardless of their nice or size, will often come up against a number of barriers when it comes to arranging capital for the cash flow solution. In fact, many online businesses or marketplace sellers are seasonal and often look for short-term yet fast and flexible financing options. However, short-term loans are unconventional among traditional lenders, and the lending process is lengthy and cumbersome, often taking months. For eCommerce businesses that manage to secure funding from banks or lenders, the repayment terms, interest rates, or loan length always pose a hurdle for future business growth. The inflexibility of traditional banking systems impacts eCommerce business funding adversely. Without proper financial support, the consequences could be disastrous for online businesses. 90% of new businesses fail during the first four years, according to research, but even those online enterprises that succeed will probably require more working capital to expand in the future. The good news is that new service providers like eFunder.ai are filling in the gaps between what banks can offer and what businesses actually need from their banks. Providing instant access to flexible and tailored solutions to grow and scale their businesses, digital platforms like eFunder.ai ensure to alleviate the financial burden on SMEs. Getting financial assistance from eFunder.ai is an easy and hassle-free process. What are the requirements to get funding from eFunder.ai? Have historical online business performance of 3 to 6 months, depending on the buyer ecosystem you are looking to finance Provide permissioned data access to the buyer ecosystems on which you would require financing Agree to the terms and conditions set out under our Early Payment Agreement Agree to the opening of a virtual bank account for the collection of all current and future online receivables Agree to provide a security cheque Agree to provide KYC/AML documents such as Trade License, Tax Registration Certificate, Identification etc. eFunder.ai Online Application Process There are only a few simple steps to get funding from eFunder.ai. Visit eFunder.ai website and click on Login or download eFunder.ai app from Apple App Store or Google Play Store Click on Create Account and enter your details Once you have entered the above details, please check the terms and conditions fully and scroll down to enable the accepting of the terms You can then select the respective online ecosystem and product type for which you are seeking financing You will then be asked to fill in certain details and upload documents For the documents, you will need to upload a signed termsheet and authorization letter. The template for which will be provided by our sales or accounts team who you can reach out to at sales@efunder.ai or accounts@efunder.ai Please also fill in the relevant details for respective ecosystems Once all details have been uploaded, please expect a verification call from our team and on finalization all details, your account should be activated within 24-48 hrs Solving the toughest financial challenges of an eCommerce business, eFunder.ai provides funding solutions to stabilize the cash flow and cope with payment obligations. Whether you are starting your Amazon store or any other eCommerce store from the ground up or planning to expand your business, there is still a wide range of finances to factor in. This is where eFunder's eCommerce financing solutions come in. Integrated with more than 14 global platforms, eFunder.ai ensures to offer instant access to unique financing solutions like daily advance, vendor advance and working capital advance. Invoice financing can be an attractive option for online marketplace sellers that require quick access to working capital. In the early stages of a business, avoiding waiting until your customers have paid their entire amounts can facilitate business growth and even resolve issues with customers who take a long time to pay. Moreover, paying your market suppliers in a timely manner would strengthen your business relationships and make doing business with them a much smoother experience. Let eFunder.ai help you double up on your inventory or plan your future growth without sacrificing cash flow. Get in touch with our dedicated support team for more information.
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