Beyond Merchant Capital Announces its Launch to Broker Channels

Focused on unique merchant financing solutions for SMEs, opening up Beyond Merchant Capital’s products to broker channels will help brokers to grow their businesses and better serve their customers. This new channel also opens up additional avenues for businesses to access the cash they need without the complicated and lengthy approval processes they face in traditional financing channels.

With the dedicated support of Beyond Merchant Capital’s National Business Development Management team, the company’s business loan products are positioned to provide customers with competitive solutions as businesses increasingly opt for alternative lending channels.

According to KPMG’s 3rd Asia Pacific Alternative Finance Industry Report released in late-2018, the alternative finance market grew by 88 per cent in 2017 to $1.56 billion. Not only is this the result of the headwinds businesses face when it comes to securing finance through traditional channels, but customers are increasingly looking for the convenience that fintech offers while keeping the human element that’s lacking in some channels.

Beyond Merchant Capital’s CEO, Larry Prosser says that opening up to broker channels provides immense opportunity for brokers to work with a fintech lender who puts the customer experience first.

“As an alternative lender, brokers are going to be instrumental in helping us reach more customers with our business financing solutions,” said Prosser.

“What sets us apart and provides an exciting opportunity for brokers to grow their businesses is our dedicated support team and streamlined processes that will help brokers deploy more services and products.

"Not only will this help their customer’s businesses grow, but brokers have a world of opportunity at their fingertips to grow their own businesses too.”

Best suited to bricks and mortar businesses and retailers, Beyond Merchant Capital’s merchant financing solutions provide a steady ongoing revenue stream to brokers with the peace of mind that comes from dealing with a transparent and responsible lender.

About Beyond Merchant Capital’s Business Loan Solutions

Beyond Merchant Capital’s business loans are designed for SMEs providing them with loans from $5k to $500k with funding processed in as little as 24 hours. As an unsecured loan, there is no need to pledge assets and repayments are made via a unique variable repayment plan.  These loans allow businesses to repay the loan in line with turnover, with no fixed term. This means that when times are slow, the borrower's repayments are automatically lowered without attracting any fees or penalties.

With a dedicated National Business Development Management team, brokers have the option to manage each stage of the client’s application process or refer the client to Beyond Merchant Capital to complete their application.

If the client is eligible, Beyond Merchant Capital will send an offer for the broker to present to the client. Once the offer is accepted, the funds will be released in as little as 24 hours. The commission will then be transferred to the broker's nominated business account, usually within one week of settlement.

With a flat-fee and no ongoing fees or charges to the client, Beyond Merchant Capital’s business loan solutions are a sustainable channel for brokers looking to expand their business lending product suite. As a result, brokers have the opportunity to earn attractive upfront revenue from a single referral with great commission rates for new loans and readvances.

To learn more about issuing Beyond Merchant Capital’s business loan products visit beyondmerchantcapital.com.au/partner-with-us. Alternatively, you can contact a Beyond Merchant Capital Relationship Manager by calling 1300 672 035 or emailing partners@beyondmerchantcapital.com.au.

About Beyond Merchant Capital

Beyond Merchant Capital (est. 2016) has extensive lending experience in the merchant finance industry, having founded successful finance businesses in several countries worldwide. Their shareholders include Merchant Capital who are in turn backed by Capricorn Capital Group and RMI Holdings Ltd. The Capricorn Group is associated with the broader Yellowwoods Group, which includes Hollard Insurance (In Australia: Real, Guardian, Woolworths, MediBank, RSPCA, AUSURE among others). The investment group, RMI, has underlying investments including MMI, Discovery Holdings and OUTsurance (In Australia Youi Insurance). Beyond Merchant Capital’s mission is to support the innovation and modernization of financial services in Australia. In this way, the fintech leader develops innovative financial products that deliver bespoke user experiences to businesses. Beyond Merchant Capital’s target market are digital native users who expect fast, simple and honest financial services products as well as an enjoyable user experience. Beyond Merchant Capital’s strategy also includes commercial alliances within the local and international financial landscape. For more information, visit www.beyondmerchantcapital.com.au