TBI Bank and Netopia Payments launch innovative digital financing solution for online merchants

TBI Bank, through its subsidiary TBI Leasing, and Netopia Payments, the largest electronic payments processors in Romania, announce the launch of an innovative financing solution dedicated to online businesses – Merchant Cash Advance (MCA). Thus, the online merchants can obtain financing of up to 85% of the merchants’ future estimated income for up to 12 months.

Merchant Cash Advance is a fully digital financing solution that provides quick and easy financing to entrepreneurs with a focus on the e-Commerce industry. The product proves TBI Bank’s flexible approach to offer quick services that are adequate to the customers’ needs in the digital world.

Online merchants using Netopia Payments’ solutions can obtain financing in RON from TBI Leasing around the clock, and the process requires minimal documentation, with no additional collateral and repayments are fully automated. Approval is received on the same day and the amount is transferred directly to the merchant’s bank account.

“Merchant Cash Advance is yet another example of a latest generation tailored-made solution offered by TBI Bank. It adapts perfectly to the needs of online merchants in Romania, whenever they need financing. Since everything moves faster in business world, this product helps entrepreneurs to seize growth through new, digital channels”, says Alexandru Cosma, Head of Business Banking Products and Sales at TBI Bank.

„By implementing the Merchant Cash Advance solution, we actively support the online merchants that chose to use the NETOPIA Payments’s services. They have a simple and fast financing alternative that answear to their daily needs and thaty can help them grow their business in a more and more competitive market”, stated Antonio Eram, CEO and co-founder NETOPIA Payments.