GetCapital is excited to announce its latest strategic partnership with BPS Technology Ltd (ASX:BPS), owner of Bartercard Australia and the world’s largest B2B trade exchange and Entertainment Book.
Under the agreement, BPS Technology will exclusively offer GetCapital’s finance products to its 36,000 members in Australia through a team of dedicated Financial Relationship Managers. This agreement adds to GetCapital’s existing strategic relationships with Alibaba, Aquire from Qantas, OFX and xero.
“GetCapital’s ambition is to be the finance partner of choice for businesses serving the SME sector in Australia,” said Jamie Osborn, GetCapital CEO. “We are proud to attract leading companies servicing this sector and support them in providing a range of finance solutions for their customers.”
As part of the agreement, GetCapital will provide up to $100 million over the initial year of the agreement to support the partnership. Initially, the finance facilities will target growth opportunities as well as working capital finance requirements of Bartercard’s small business members.
“We are excited to add a new business stream to our existing trading arrangements with our merchants, and also our partnership with GetCapital,” said Tony Wiese, Chief Financial Officer of BPS. “We are responding to feedback from our existing merchants requiring better access to working and growth capital”.
Read more about the partnership here.
Shift provides credit and payment platforms that help businesses trade, pay and access funds. As one of Australia’s fastest-growing technology companies, Shift is changing the way businesses access finance. Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50, Deloitte’s Asia Pacific Technology Fast 500, IDC Digital Disruptor and has been named the Commercial and Asset Finance Brokers Association Fintech of the Year in 2020, 2021 and 2022.
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