Whipr were quickly selling out of all their stock. They didn’t want to lose sales or disappoint customers, but they didn’t have the cash on hand to buy more inventory.
Sezzle Capital Solution
Whipr used revenue-based financing to fund their inventory orders. They got more stock, increased their sales and acquired thousands of happy customers.Sign up in 5 minutes to find out how sezzle capital can impact your business today.
Sezzle Capital is partnered with Wayflyer to provide funding to eCommerce companies which is paid back using a percentage of your daily revenue.
For every funding offer, there are three terms to be aware of;
The Funding Amount: this is the funding you will receive from Wayflyer (for example; $100,000)
The Fee: this is applied to the total amount of funding you get. In this example, let’s say it’s 6%. So, if you take $100,000 of funding, at a 6% fee, the fee will be $6,000. This means the total amount to be repaid to Wayflyer will be $106,000 (The Funding Amount + the Fee). This is not an interest rate.
The Repayment Rate: this is the percentage of your daily sales which will be used to repay Wayflyer. In this example, let’s say it’s 12%. Therefore, 12% of your online sales will be sent to Wayflyer each day until the $106,000 is repaid.