Merchant cash advance
Clip offers working capital to the merchants that take payments with its terminal
With Finvero's alternative business score and Decision Engine, Clip evaluates each merchant with its sales data and offers an advance that is repaid from its own sales.
About the client
Clip is a Mexican digital payments company. With its terminal and app, merchants across Mexico accept card payments.
Challenge
Small merchants need fast capital to restock, grow or cover expenses, but they often have no credit bureau history or formal financial statements to apply for a traditional loan.
Solution
Finvero evaluates each merchant with the information its business already generates:
- The alternative business score uses sales and transaction data.
- The Decision Engine sets the amount and terms of the advance according to Clip's policy.
- The advance is repaid with a percentage of the merchant's daily sales.
Results
- 01Merchants without credit history get working capital
- 02Amounts matched to each business's real sales
- 03Repayments that follow the merchant's cash flow
- 04A new financial product for Clip's customers
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