image credit: Unsplash

SellersFi, Amazon team up to offer up to $10M in credit lines

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday.

CEO and co-founder Ricardo Pero said the credit lines are targeting larger sellers with revenues of $4 million per year, or more, that are looking to scale up.

“Banks are very competitive in pricing, but they have limited resources to properly evaluate this industry,” noting that its cash-flow-based underwriting system can get businesses set up with credit lines in as little as 72 hours.

Read More on Banking Dive