Bol.com offers its retail partners Flexible Financing
Entrepreneurs who sell via bol.com can benefit from a new flexible financing service. The unique thing about this form of financing is that the revenue data from the bol.com platform is used as the basis for the loan. The monthly payments are also based on revenue via bol.com.
Revenue data accelerates the application process
In this partnership, Rabobank and bol.com have realized a partial integration. From the bol.com partner platform, sellers are referred to the Rabobank loan application process. Here, they are asked to link their revenue data, and within 10 minutes they can apply for Flexible Financing for between € 5,000 and € 250,000, with a term of 3 to 12 months.
Flexible repayment possible through insight into real-time revenue
The link to revenue data gives retail partners the option of having their payments change along with their revenue. In months with higher revenue, you can pay back more, and you can reduce your payment in months with lower revenue. That makes it a flexible loan that allows retailers to achieve their goals safely and quickly.
Partial integration eases user convenience
The partnership with bol.com is a good example of partial integration of Embedded Lending. The retail partner can share their data from the bol.com platform with Rabobank to request a loan offer. Rabobank can then present the offer on its own platform. That facilitates the fast and convenient application for financing.
Unique in the Dutch market
According to Margeret Versteden, Platform Director at bol.com, the partnership with Rabobank is the next step in the service for partners. “Bol.com believes in the power of collaboration, because bol.com can only offer customers the best possible shopping experience in collaboration with our sales partners. Rabobank is an excellent example of that in the field of financing. Now, our bol.com partners’ sales history can help them obtain flexible loans that are unique in the Dutch market, and that help partners deal with seasonal peaks in income.”