Viva.com launches Merchant Advance in Finland- viva.com

With no paperwork required, immediate loan disbursement and revenue-based payment flexibility Merchant Advance allows businesses of all sizes to easily invest in their own growth.

Viva.com’s Merchant Advance solution forms a key part of its digital payments bundle, a collection of innovative solutions that combine to address all the payment and financing needs of Finnish merchants, with ultimate efficiency, transparency, and unparalleled speed.

Viva.com, Europe’s first acquirer powering payments on any device in 24 markets, has today announced the launch of Merchant Advance in Finland. A new credit solution that will solve critical cashflow issues for local businesses, helping them invest in growth.

Viva.com’s Merchant Advance offers transparent capital to businesses, based on merchant acquiring data. Loan disbursement is instant, meaning businesses of any size or type can immediately access capital for growth.

Unlike other capital providers which can force businesses into lengthy application processes,

Viva.com’s Merchant Advance leverages merchant’s payment history with Viva.com allowing access to near-instant capital with no fuss. Benefits include:

· Smart Prescoring, based on advanced payments data analysis for each business.

· Near-instant loan disbursement: Fast and easy access to capital.

· Charged with a single, explained fixed fee: No hidden costs, no interest charges.

· Seamless and easy repayment: Flexible automated repayment process via a percentage of daily card sales.

· Adjustable repayment time: Νo late payment fees.

· Fully digital process with no collateral or other commitments.

"Having access to reliable and flexible capital is critically important for growing businesses, but for millions of European merchants it’s a real struggle to find the right solution. Traditional capital providers, and even newer market entrants, have to vet businesses properly, which results in time-consuming processes before any decision is made.”

“Viva.com’s Merchant Advance changes the game, allowing our customers instant access to working capital based on smart prescoring. This allows us to offer instant, flexible and transparent capital that they can use to grow without restrictions. Merchant Advance is the latest addition to our product suite, built to solve payment issues for businesses of all shapes and sizes,” said Yannis Larios, Senior VP Strategy & Business Development at Viva.com.

Viva.com’s Merchant Advance is provided through leading financial partners.