Juni unveils innovative 'inventory financing' for ecom firms
Juni, the financial platform built for digital commerce, is expanding its product offering with ‘inventory financing’ for ecommerce businesses.
The new product follows the launch of Juni’s media financing product earlier this year that allows businesses to ‘buy media, pay later’ – or, put simply, to get up to €20m of financing for media and ad placements without having to pay for as long as 90 days.
Juni’s research shows that more than 50% of their customers' cost base is attributed to inventory, by far their biggest expense and a particular problem for ecommerce companies, many of whom rely on keeping items in stock as a crucial part of their business model.
Juni’s inventory financing product gives customers extended payback terms of up to 120 days with fixed monthly fees as low as 3%, while improving liquidity, cash flow forecasting and margins on larger inventory orders from European, Chinese and American suppliers.
The fintech is also introducing a new feature called split payments, which allow ecommerce businesses to split supplier payments between debit and capital.
Juni’s ‘inventory financing’ will unlock more value for firms
“We’re really excited about enabling ecommerce businesses to free up capital so they can invest in further growth,” says Samir El-Sabini, CEO and Co-founder of Juni.
“By having less money tied up in large inventory orders, they reduce risks associated with sales seasonality. While it is difficult for businesses to influence their logistical lead times for inventory, payment terms are easier to adapt, and using our inventory financing enables them to negotiate more competitive offers from suppliers.”
“Inventory management plays a critical role in growing a sustainable and profitable ecommerce business,“ says Shelley Havemann, Senior Director of Product at Juni.
“We know that our inventory financing product will unlock even more value to our customers, increasing control and visibility over their cash flow. And with our split payments feature launching later this month, we’re giving them even more flexibility to manage their liquidity.”
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