Payability now available as a financing provider for Amazon Launchpad startups
NEW YORK, Aug. 24, 2016 /PRNewswire/ — Payability today announced it is teaming up with Amazon Launchpad to offer flexible and affordable financing for startups through the new Amazon Launchpad Services Hub.
Payability joins a vetted group of companies committed to providing premium services to Amazon Launchpad startups.
The Amazon Launchpad Services Hub helps startups of all sizes discover services they might need at any stage in the product life cycle – from prototyping to manufacturing to marketing to accounting, all from companies that are eager to work with startups.
Payability’s “fintech” financing platform provides rapid approvals and flexible credit limits to startups through accelerated payments on invoices. Many startups lack the capital required to fulfill large and growing purchase orders as they begin selling to a wide customer base. This unexpected demand can overwhelm a startup’s finances, often resulting in out-of-stock items and lost sales. With Payability, startups get the funding they need to sustain their growth.
“We are thrilled to begin working with Amazon Launchpad,” said Payability co-founder and CEO Keith Smith. “We already count a number of Amazon Launchpad startups as customers, so we couldn’t be happier to expand and help more companies access the capital they need to grow.”
With flexible, scalable, and affordable financing, Payability is ideally suited as a finance partner for Amazon Launchpad startups. Using Payability, most companies can receive payment for their sales 60 days sooner than normal. This increases their working capital and creates the consistent cash flow needed to replenish inventory, drive more sales and grow their business faster.
Payability gives startups faster access to revenues they’ve already earned from e-commerce marketplaces. Fast, simple and flexible, Payability’s customers receive the working capital they need to reinvest in inventory, drive more sales and grow their business faster.