News and Announcements
BPS Technology & GetCapital Partner to Offer Finance Products Worth $100M to Merchants
- Published September 09, 2016 11:24AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th September 2016, Proactive Investors
BPS Technology Ltd (ASX:BPS) has launched a new business finance product to support and enable its small and medium enterprises (SME) merchant partners.
More than 36,000 SMEs transact in excess of $600 million per annum using BPS’ software and trade exchange technology platforms.
The company has executed a new agreement with Get Capital Pty Ltd, a fintech lender, which will make available a range of finance products to BPS’ 36,000 merchants.
As part of the agreement, GetCapital will provide up to $100 million over the initial year of the agreement to support the partnership.
BPS Financial Ltd, a subsidiary of BPS Technology, will market the tailor-made finance products to its merchant base.
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