We’re thrilled to announce that we’ve teamed up with Amazon Launchpad to provide financing for the incredible Amazon Launchpad startups. Payability is featured as a financing solution on the newly released Amazon Launchpad Services Hub.
The biggest concern of startups going into large retailers like Amazon is the cash crunch that comes from rapidly increasing orders and long payment terms. This results in a situation where the startups sales are scaling, but they are faced with inventory shortages due to lack of cash to fulfill the growing purchase orders. And that’s where we come in. With Payability, startups no longer have to wait months to receive revenue from invoices, and startups can rest easy knowing their growth won’t be stymied by lack of financing.
Through our relationship with Amazon Launchpad, we are very excited to be partnering with the most innovative startups to help them propel their growth through faster access to their working capital.
Amazon Launchpad startups, like our customer Petnet, are creating revolutionary, smart and eco-friendly products all of which are now accessible to consumers worldwide through Amazon.com.
It is an exciting time for Payability and I couldn’t be more proud of the team that has made this relationship with Amazon Launchpad possible.
About Amazon Launchpad
“Since launching a year ago, Amazon Launchpad has worked with over 100 leading venture capital firms, startup accelerators, and crowd-funding platforms to help more than 1,000 startups launch products in the U.S., U.K., China, Germany, and France. New startups are joining the Amazon Launchpad program every day, which offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package, and access to Amazon’s global fulfillment network, all geared toward helping startups successfully launch their innovations and share their stories. To learn more about the Amazon Launchpad program, visit www.amazon.com/launchpad.
About Amazon Launchpad Services Hub
“Amazon Launchpad Services Hub brings together companies that can provide product development, marketing, and financing services to startups. As a program designed to help startups launch, market, and distribute their products, Amazon Launchpad has now built this new resource for startups to use before they are ready to officially launch their product. From prototyping to manufacturing to marketing to accounting, companies included in the Amazon Launchpad Services Hub are eager to work with startups and are passionate about bringing great products to market.”