Based on merchant data acquisition, Viva's Merchant Advance aims to provide transparent funding to businesses. Instant loan disbursement enables companies of all sizes to get access to funding for expansion right away.

Viva.com's Merchant Advance is presently accessible in Belgium, Germany, the Netherlands, and Spain; further European nations will be added soon.
 

"Having access to reliable and flexible capital is critically important for growing businesses, but for millions of European merchants, it's a real struggle to find the right solution," said Yannis Larios, senior vice president of strategy and business development at Viva.com.

"Before making a judgment, traditional finance sources and even more recent market entrants must thoroughly research enterprises, which leads to time-consuming processes.”
 

Viva's Merchant Advance uses the merchant's payment history with Viva.com to provide nearly instantaneous capital access without any hassle, unlike other capital providers may push firms through drawn-out application processes.

The new credit solution offers quick access to funds with a single, clearly stated fee, as well as intelligent prescoring based on sophisticated payments data analysis for every organization.

It also provides no late payment fines, a purely digital approach free of collateral or other obligations, and a flexible automatic repayment process based on a percentage of daily card sales.
 

fostering the expansion of businesses "without restrictions"

The most recent addition to Viva.com's industry-leading digital payments bundle, which consists of a number of interconnected services that fuel all European businesses, is Merchant Advance. Viva.com's solutions enable businesses to expand without boundaries, from purchasing and issuing to business accounts and customized financing.

"Viva's Merchant Advance transforms the market by giving our clients immediate access to working capital through astute prescoring. This enables us to provide them with immediate, adaptable, and transparent funding that they can utilize to expand without limitations. Larios continued, "Merchant Advance is the newest offering in our product line, designed to address payment concerns for companies of all kinds.

A number of top financial partners will offer the new Viva credit solution.

With over 985 devices and 24 countries supporting card acceptance, Viva.com is Europe's first technology bank for payments. With a physical presence in 24 European regions, an ECB-approved banking license, and Viva's "Tap on Any Device" in-store payment, online smart checkout, and marketplace payment solutions, European businesses of all sizes may accept and handle payments however they see fit.