Lightspeed Commerce Inc. (NYSE | TSX: LSPD) has expanded Lightspeed
Capital, its merchant cash advance program, to the United Kingdom,
Australia, New Zealand and Quebec. Bolstering Lightspeed’s embedded
financial services offering, the launch aims to empower businesses
with flexible funding in the face of rising inflation costs and
turbulent economic conditions. Powering the world’s best
businesses, Lightspeed is the unified POS and payments platform for
ambitious entrepreneurs who wish to accelerate growth, provide the
best customer experiences and become a go-to destination in their
space.
Lightspeed Capital
“Businesses are the backbone of our communities, and
Lightspeed’s goal is to make owning a successful business easier
than ever,” said Asha Bakshani, Chief Financial Officer at
Lightspeed. “We are thrilled to have expanded the Lightspeed
Capital offering throughout the United Kingdom, Australia, New
Zealand and Quebec. This expansion aims to empower merchants who
want to invest in their business. Our goal is to help alleviate
roadblocks that traditional funding channels may require so our
merchants can continue to focus on what matters most: growing their
business while providing the best customer experience.”
Retail and hospitality entrepreneurs in the United
Kingdom, Australia, New Zealand and Quebec can welcome a new era of
business funding with Lightspeed Capital’s merchant cash advance
program. Lightspeed Capital empowers business owners with its
unique approach to funding:
- Simple Application: A quick, seamless and
stress-free application process for merchants with no personal
credit checks
- Flexible Funding: Working capital is available
in as few as 2 business days and can be used for any business need,
from inventory and equipment through to staffing
- Transparency & Stability: Flat-fee
pricing, and no high or shifting rates, allows business owners
visibility and peace of mind
- Empowering Growth: Merchants have access to
the cash flow they need to expand and take their business to the
next level
Capital that can be trusted On the heels of
Lightspeed Capital’s successful launch in the United States, the
Lightspeed Capital cash advance program for merchants has taken on
new territories, heading to Australia, New Zealand, the United
Kingdom and Quebec. The program is revolutionizing how traditional
business funding works. Exclusively available to Lightspeed Retail
and Lightspeed Restaurant users, it boasts the added benefit of
personal insight into their specific business needs. Lightspeed’s
existing relationship with merchants makes for easier eligibility,
underwriting and risk mitigation.
How does Lightspeed Capital work?
- Cash Up-Front: The cash advance program
provides working capital up-front to grow and support the
merchant’s business
- Predictable Payments: Merchant payments are a
percentage of their daily sales; they pay more when their business
is doing well, and less if things are slow
- Secure Fees: Flat fees mean merchants don’t
have to worry about fluctuating rates
- Clear Communication: Merchants receive
notification, in app or by email, that outlines how much they’re
eligible for as a cash advance and the flat fee
- No Deadline, No
Interest: Merchants remit at the speed of their business.
With no strict deadline, merchants can gradually pay the advance as
a percentage of their daily transactions
“We had already taken out large loans to open a second store and
we didn’t want to sign up for anything additional that might affect
our business credit,” said Lightspeed customer Robert Stokes,
Techzone Geelong. “The fact that Lightspeed Capital doesn’t count
as a loan or impact our business credit reporting really helped
take some weight off of our shoulders.”
For business owners, trying to secure funding can be stressful
and time consuming. Lightspeed removes the roadblocks and
frustrations that merchants face from traditional sources, making
access to capital simple, secure and stress-free. The Lightspeed
cash advance program is tailored to merchants to support and
strengthen their operations and fuel their ambitions. Now with even
more Lightspeed users in the United Kingdom, Australia, New Zealand
and Quebec being eligible, more merchants will have the freedom to
transform their businesses.
“We believe real-time access to capital is one of the largest
challenges facing merchants today,” said JP Chauvet, Lightspeed
CEO. “This expansion of Lightspeed Capital provides a simple,
streamlined opportunity for our merchants to invest in their
business. Our goal is to help turbocharge their operations ... all
through a single, integrated commerce solution.”
Lightspeed powers the world’s best businesses, including:
Playbill, Arctic Spas, Ildico, Elite Supps, Leica Camera, Imagine
Exhibitions, Dr. Barbara Sturm, Filson Canada, Melissa Joy Manning,
Neal’s Yard Remedies, W Cosmetics, L’Osteria, Mamma, and Kei.
Dive into the transformative features of Lightspeed on our
website, or to witness its powerful capabilities, see
https://www.lightspeedhq.com/.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions and connection
to supplier networks.
Founded in Montréal, Canada in 2005, Lightspeed is dual-listed
on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock
Exchange (TSX: LSPD). With teams across North America, Europe and
Asia Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and Twitter.
Forward-Looking Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed’s product offerings and planned
product roadmap. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
facts. Such statements are based on current expectations of
Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profiles
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
For further information: Media Contacts: Canada: Victoria Baker,
NKPR - victoriab@nkpr.net; USA: Jennifer Fugel, Newsmaker Group-
jfugel@newsmakergroup.com; Lightspeed Media Relations -
media@lightspeedhq.com; Investor Relations: Gus Papageorgiou,
Lightspeed Investor Relations -
investorrelations@lightspeedhq.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4639a1a3-9186-4fa4-b2ec-6b77f89aa5c4
Lightspeed Commerce (TSX:LSPD)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Lightspeed Commerce (TSX:LSPD)
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부터 5월(5) 2023 으로 5월(5) 2024