In the dynamic world of wholesale and cash & carry, managing cashflow efficiently is more than a necessity—it’s an art. multifi, a new finance provider, is transforming this challenge into an opportunity for businesses across the UK. Their goal is to simplify the unnecessarily complex finance process, making it straightforward and hassle-free for wholesalers. multifi believes in “taking the faff out of finance,” allowing wholesalers to focus on what they do best: growing their businesses.
The approach is simple yet effective: provide easy access to funds, transparent terms, and a service that understands the heart of each business. multifi offers up to £200,000 in revolving and unsecured credit through an easy-to-use online platform designed to meet the unique demands of wholesalers.
“In the current economic climate, the traditional methods have proven difficult, and there is a reluctance to help small businesses grow across the market.” Said the Director of one of multifi’s wholesale customers before going on to add, “multifi is quick and straightforward. The people are very knowledgeable, understand the different needs of an SME and most importantly, provide funding with a viable facility.”
Managing payment terms and ensuring liquidity can be a constant struggle for wholesalers. That’s where multifi steps in. A recent study showed that wholesalers rely on alternative finance to bridge supplier pro-forma payment gaps and meet customer 60-day terms, enhancing cashflow and revenue growth[1]. multifi’s 120-day payment terms significantly extend payment deadlines and ease the pressure on business cashflow. This means more room to manoeuvre, more opportunities to invest in growth, and less time worrying about short-term financial obligations.
In a recent example, a leading UK manufacturer with over 50 years of wholesale experience was looking to capitalise on new growth opportunities. They needed to quickly secure additional working capital beyond what their existing lenders could provide. By partnering with multifi for flexible alternative funding, the company fuelled their expansion plans with an unsecured £150k cashflow facility set up in just 76 hours.
Features and Benefits:
- Access up to £200,000: Revolving and unsecured credit that grows with your business.
- 120-Day Payment Terms: Extend your payment deadlines, easing cashflow pressures.
- Fast Payments: Ensure your suppliers are paid promptly, maintaining solid relationships.
- Fast Onboarding: Get started quickly with minimal paperwork and hassle.
- Simple Terms & Fixed Fees: Transparent pricing with no hidden costs.
- Competitive FX Rates: Save on international transactions, making your money go further.
multifi’s CEO commented, saying:
“At multifi, our vision is to integrate finance smoothly into your success. We recognise the challenges wholesalers encounter, like tight cashflow and complex cycles. Our solutions, including 120-day payment terms, are designed to ease these pressures, offering peace of mind, and enable focus on growth and innovation.
Wholesalers can instantly check eligibility and find out what their credit limit might be by visiting multifi.co.uk
Watch how multifi is taking the faff out of finance
[1] Source: The Impact of Fintech Factoring on SME Performance in the Wholesale Trade Industry (2023) by the University of Southampton. https://www.neliti.com/publications/426616/the-effect-of-fintech-implementation-on-the-performance-of-smes
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