DNA Payments links up with iwoca
DNA Payments, a leading independent payment company in the UK, has formed a partnership with iwoca to provide financing options to its merchants. Through this collaboration, clients of DNA Payments can now apply for iwoca's Flexi Loan, which ranges from £1,000 to £1 million, directly via their Merchant Portal and App.
This integration aims to streamline access to capital for merchants, allowing them to secure funding efficiently while managing their payment processing needs. The partnership highlights the growing trend of payment processors expanding their service offerings by collaborating with financial service providers.
Key takeaways
- ▸DNA Payments expands its services by partnering with iwoca.
- ▸Merchants can apply for loans between £1,000 and £1 million via the DNA Payments Merchant Portal and App.
- ▸This partnership aims to improve access to financing for small businesses in the UK.
Why this matters
The collaboration between DNA Payments and iwoca enhances the financial toolkit available to merchants, enabling them to obtain crucial funding directly through their payment processing platform. This positions DNA Payments as a more comprehensive service provider in the fintech landscape, potentially increasing customer loyalty and satisfaction while adding competitive pressure on other payment processors to offer similar financing solutions.
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