PayPoint announces expanded partnership with Funding Circle

This follows the successful launch of a partnership between Funding Circle and Handepay, part of the PayPoint Group and card payments solutions provider, in October 2022.

The extension of the partnership to PayPoint’s retailer partner network, which is said to be larger than all supermarkets, bank branches and Post Offices combined, will allow retailers on its loyalty scheme to apply for a Funding Circle loan.

With applications taking no longer than 10 minutes to complete and no more than a 24 hour wait for a decision to be made, according to PayPoint, Funding Circle’s loans offers retailers access to fast and affordable finance.

Mark Latham, banking services director at PayPoint said: “At PayPoint, we’re always looking at ways to support retailers to help them get the most out of their stores and this partnership with Funding Circle does exactly that.

“When businesses want to invest in adapting to market conditions, they should be able to do so swiftly and with confidence. This was the key reason for expanding PayPoint Group’s partnership with Funding Circle and I look forward to building on the opportunities we can offer small businesses across our network over the coming year.”