Small business online lender OnDeck and point-of-sale platform Lightspeed have announced a partnership that will allow Lightspeed users to secure OnDeck loans.
The new offering will be available to Lightspeed customers in Canada and the US providing up to $500,000 (US) term loans and $100,000 (US) lines of credit.
This partnership between OnDeck and Lightspeed is a major step forward for Canadian businesses, especially those retail, restaurant, and e-commerce companies that can now acquire OnDeck financing to support their investment in the Lightspeed point of sale (POS) solution.
“We are very pleased to be partnering with Lightspeed, an innovative technology company that is enabling businesses to improve their customer experience on all channels,” says Gary Fearnall, Country Manager, OnDeck Canada.
“Lightspeed is laser focused on improving the competitiveness of independent businesses across North America, and for us this partnership makes perfect sense,” says JP Chauvet, President of Lightspeed. “In part, it gives us the opportunity to help our clients access our Omnichannel solution which can help improve their customer experience exponentially.”
Launched in 2005, Lightspeed is a cloud-based commerce solution for independent businesses, in-store and online. More than 45,000 retailers and restaurateurs processing over $15 billion in transactions annually use Lightspeed to manage their entire business.
Learn more about Lightspeed and its career opportunities at Techfest Montreal on May 4, 2017.