SellersFunding, a leading fintech provider for Amazon and other e-commerce marketplace sellers, announced its expansion into Australia’s booming e-commerce sector with local infrastructure to support its global lending and payments platform. Continue reading
New York, New York, Oct 12, 2020 /prREACH/ -- SellersFunding, a leading fintech provider for Amazon and other e-commerce marketplace sellers, has announced its expansion into Australia’s booming e-commerce sector with local infrastructure to support its global lending and payments platform.
According to the 2020 eCommerce Industry Report on Australian Online Shopping, Australia’s growth in this space is in overdrive. In April, 5.2 million households shopped online, up 31 percent compared to the average in 2019. Additionally, for the first eight weeks following the World Health Organization’s pandemic announcement, e-commerce in Australia grew 80 percent based on year-over-year sales.
“SellersFunding provides alternative capital solutions for Amazon marketplace sellers, and we are excited to expand into Australia with our expertise in lending, daily advances and cross-border payments,” said Ricardo Pero, Chief Executive Officer of SellersFunding. “Amazon Australia is well-positioned to grow in its robust e-commerce sector, and we are poised to help sellers start or grow their businesses.”
While Australia has grown a strong financial system over the last few decades, the adoption and development of financial tools specifically for e-commerce sellers have lagged.
“E-commerce entrepreneurs are a unique type of business owner, many of whom are doing global commerce without the support of global banking and lending systems," said Tim Jordan, Chief Growth Officer for SellersFunding. "Our platform and services solve this problem, and we see the need to support Australian marketplace sellers as well as the Australian marketplaces themselves as a top priority for us.”
The SellersFunding model is unique. It offers working capital of up to USD 1 million (or equivalent directly into AUD) to e-commerce sellers locally, but whose business may be based primarily abroad (such as in the USA). It also streamlines onboarding and ease of use with their proprietary algorithm to forecast marketplace sales growth potential, mixed with extensive marketplace analytics. Also, global currency accounts allow simplified transactions in more than 200 countries.
“As we onboard and fund our first Australian clients,” Pero continued, “we are excited to see the delight in capabilities expressed by marketplace sellers. We are here to help them succeed.”
For more information about SellersFunding, please visit its official website.