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Home Retail News Retailer News

multifi launches 120-day credit limit for UK SMBs following successful broker pilot

by Fiona Briggs
February 29, 2024
in Retailer News
Reading Time: 2 mins read
  • Expansion: Building on insights from the broker pilot phase, multifi now offers 120-day payment terms directly to UK SMBs.
  • Insight-Driven: Valuable market insights gained during the pilot phase have refined the offering for direct applications.
  • Accessibility: SMBs across the UK can now apply directly for the 120-day payment terms to ease financial pressures during periods of tight cashflow.

multifi is excited to announce the official launch of its innovative 120-day payment terms, directly available to Small and Medium-sized Businesses (SMBs) across the UK, following a successful broker pilot program. This strategic expansion represents a significant step forward in our mission to support the financial health and growth of UK SMBs, especially during the upcoming tax season when many SMBs will be evaluating their financial strategies and seeking ways to effectively navigate times of tight cashflow.

The insights gathered from the broker pilot phase have been instrumental in refining our offering to meet SMBs’ needs better. Through this process, we have gained valuable market insights that have shaped our strategy, ensuring that we provide maximum value to businesses seeking financial support. As a result, we are confident that our 120-day payment terms will offer the necessary financial flexibility to help companies manage cash flow effectively and meet their tax obligations without stress.

“We are thrilled to transition from our successful broker pilot to a direct offering for UK SMBs. This step allows us to meet the needs of businesses seeking financial support more closely, especially as they navigate the complexities of the tax season,” stated Rob Keown-Boyd, CEO at multifi. “Our commitment to empowering SMBs has never been stronger, and through our continued work with brokers and customers, we believe these 120-day payment terms will be a game-changer for many.”

We are proud to offer this enhanced financial solution, designed with the specific challenges and needs of UK SMBs in mind. By applying directly through multifi, businesses can now access:

  • Extended Payment Terms: 120-days of breathing room to manage finances around tax obligations.
  • Tailored Support: Solutions designed to meet the unique challenges faced by SMBs.
  • Streamlined Application Process: An efficient, direct application process to provide financial support quickly.

Furthermore, our new marketing campaign, ‘Take the Faff out of Finance’, aims to enhance our presence in the market, making more SMBs aware of our tailored credit limits. This expansion represents our commitment to meeting the evolving needs of businesses and ensuring that they have simple access to the support they need when they need it most.

For more details on how to apply for multifi’s 120-day payment terms and to understand how this offering can benefit your business, please visit our website at multifi.co.uk.

multifiAbout multifi: multifi is committed to empowering UK SMBs by providing accessible, tailored financial solutions. Our innovative products and services are designed to support business growth and stability, offering a lifeline during financially challenging periods such as the tax season.

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