4th Dec 2015 06:58
LONDON (Alliance News) - Payments processor Worldpay Group PLC is to enter the small business lending market with the launch of a new unit which will offer flexible loans to SME customers, the Financial Times reported.
Worldpay Business Finance, created as a partnership with cash advances provider Liberis, will offer loans based on a company's future credit and debt sales.
The move expands Worldpay's operations beyond payment processing in the week the company was confirmed as a FTSE 100 constituent in the latest Quarterly Index Review. It will start trading on the blue-chip index on December 21.
https://next.ft.com/content/b093c432-99d0-11e5-9228-87e603d47bdc
By Sam Unsted; [email protected]; @SamUAtAlliance
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