Fin Tech or financial technology
is a term given to companies providing financial services, whose product or service is based on technology.
Merchant Cash Advance is one of the most innovative products in alternative business financing. The concept has only been around for a few years, but is already very popular among retailers and the entertainment sector. Simply put, the cash loan for the merchant uses their card terminal to “secure” the loans – an ideal solution for businesses that do not have a lot of assets but have a large number of card transactions each month. The repayments are then treated as part of their revenue, making it a quick and easy financing solution for many businesses.