Fintech lender Uncapped has joined forces with BigCommerce to remove one of the major barriers to re-platforming for online businesses: cost.
Companies can now fund their migration to the BigCommerce platform with a capital advance from lending partner Uncapped, completely interest-free. Any company that can show 6+ months of trading and £1m+ in yearly revenues is eligible for a fee-free advance up to £50k.
Migrations can be highly beneficial to online merchants. BigCommerce’s integrations to major marketplaces and social platforms, features like multi-storefront, multi-currency support and borderless commerce, and easy-to-use tools all give merchants the power to boost sales and scale rapidly. By removing the upfront cash outlay traditionally involved with re-platforming, the new partnership with Uncapped widens accessibility for ambitious entrepreneurs.
Uncapped also offers simple, reliable capital from £10K to £10M for online businesses. Customers can apply in minutes and get a decision within 24 hours, with no personal guarantees or loss of equity. Its revenue-based financing model means the advance is only repaid when sales are generated. If revenue slows, so do repayments, allowing businesses to maintain complete control and flexibility.
Piotr Pisarz, CEO at Uncapped said: “BigCommerce supports merchants at every stage of their journey, especially as their operational needs increase in complexity. Uncapped exists to help founders win, so we are extremely excited to help more businesses move to BigCommerce and unlock new growth opportunities through this partnership.”
Deepak Anand, VP Strategy at BigCommerce said: “With Uncapped, merchants can quickly access the funds they need to re-platform to BigCommerce, fee-free. This is a brilliant offer we are bringing to the market allowing merchants to upgrade, sell more, and soar in the eCommerce world.”