Wirecard digitises funding process for Credibly via virtual wallets

Wirecard and Credibly, a US-based business funding fintech company, have partnered to digitise Credibly’s funding disbursements.This cooperation provides US SMEs with access to capital, flexibility in spending, and tools to manage businesses’ finances. As per the agreement, Wirecard will enable Credibly to issue working capital to its customer base on both physical and digital cards, improving funding speed via virtual wallets and offering a choice of payment methods to Credibly’s customer base.In 2019, Credibly anticipates providing approximately USD 300 million to small and medium-sized enterprise (SME) clients. This volume will be available to be issued on cards by Wirecard, via Wirecard’s digital financial commerce platform, with added features like mobile wallet provisioning and access to Wirecard’s new mobile app.