Non-bank Fintech lender, Moneytech Finance has announced a strategic technology and referral partnership with renowned payroll funding provider, APositive.
APositive is a well-known payroll funding provider with deep links into the recruitment and labour hire industries. They specialise in seamless API integration to key recruitment and payroll software providers which assists both funder and client with automation of cash flow solutions with their APAY product providing instalment payment options for Recruitment fees which allows SMEs to smooth the cash flow burden of hiring staff.
Moneytech’s Chief Executive Officer, Nick McGrath, said, “The partnership will assist SME’s in receiving small business finance in a more seamless manner through technology enhancements built by APositive. Many funding providers including Moneytech have worked on integrations with the top accounting software providers to improve customer experience and risk management however APositive have been a thought leader when it comes to payroll software integration. McGrath said, in addition to the technology benefit to Moneytech customers, the partnership will also give APositive clients access to Moneytech’s lending products which include Debtor Finance, Equipment Finance, Property Finance, Lines-of-Credit, Trade Finance, FX and payments via our sister company, Monoova.”
APositive Chief Executive Officer, Danny Marlow, said, “Partnering with Moneytech will allow both businesses to provide a market leading lending experience for SME customers. Access to Moneytech’s broad product solutions will allow APositive and its clients to scale through a “whole of wallet” customer solution.”