Lightspeed introduces Capital, flexible business financing for entrepreneurs in Belgium

New service offerings make financing more accessible for entrepreneurs in the catering and retail sector

Ghent, November 9, 2023 -Lightspeed Commerce Inc. (NYSE | TSX: LSPD) launches Lightspeed Capital, a financing program for catering and retail entrepreneurs in Belgium. The program is designed to provide businesses with flexible cash advances in the face of rising costs due to inflation and turbulent economic times.

With Capital, Lightspeed expands its integrated range of tools for ambitious entrepreneurs, giving them the opportunity to finance projects in a fast and flexible way. Lightspeed is the integrated cash register and payment platform for thousands of catering and retail entrepreneurs worldwide. With practical cloud-based POS software, performance-based reporting and customized support, Lightspeed helps entrepreneurs focus on the essentials so they can set the tone in their industry.

Catering and retail entrepreneurs in Belgium who are Lightspeed customers may be eligible for Lightspeed Capital’s financing program. That process goes as follows:

A simple request: A fast and stress-free application procedure for catering and retail entrepreneurs, without strict credit checks.
Flexible financing: a tailor-made advance that is available within two working days of approval and can be used for any business need, from inventory and equipment to personnel costs and marketing.
Transparent and stable refund: the advance and the associated fixed costs (‘flat fee’) are automatically reimbursed via a fixed percentage on the daily turnover of card payments, without variable interest rates.

“Lightspeed supports ambitious entrepreneurs who want to increase their turnover and focus on their customers”say Liam CrooksLightspeed’s Managing Director in Europe. “We look forward to offering Lightspeed Capital in Belgium and removing concerns that traditional financing channels may raise. This way our customers can continue to focus on their core business: running their business as best as possible and offering an optimal customer experience.”

The benefit of Capital being available exclusively to Lightspeed customers is that Lightspeed understands the specific needs of each company requesting an advance. The existing relationship with catering and retail entrepreneurs also makes it easier to qualify and limit financial risks.

“Gaining quick and easy access to financing is one of the biggest challenges entrepreneurs face. The launch of Lightspeed Capital in Belgium offers our customers a simple and fast opportunity to invest in their business, all within one unified solution”Crooks adds.

More information about the products with which Lightspeed helps catering and retail entrepreneurs run their businesses more efficiently can be found on our website.

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About Lightspeed

Lightspeed’s complete entrepreneurial platform supports companies that form the backbone of the global economy. It helps entrepreneurs simplify, scale and deliver exceptional customer experiences. Our online entrepreneurial platform transforms and unifies digital and physical processes through multi-channel sales, expansion to new locations, global payments, financial solutions and access to supplier networks. Lightspeed was founded in 2005 in Montreal, Canada, and is now dual-listed on the New York and Toronto Stock Exchange (NYSE: LSPD). With teams in North America, Europe, Asia and the Pacific, Lightspeed currently supports small and medium-sized businesses in more than 100 countries worldwide.

For more information, see lightspeed.nl and lightspeed.be

The article is in Dutch

Belgium

Tags: Lightspeed introduces Capital flexible business financing entrepreneurs Belgium