On November 6th and 7th, 2019, the Payment Summit will take place in Hamburg. Exciting expert panels on topics such as credit assessment, risk management, payment portfolio, payment security, and debt collection are awaiting.

LABEST founder Dirk Piethe will also be present as a speaker and will engage in a Fireside Chat on the topic „Alternative credit options for merachants“ with Sebastian Seibold (creditshelf), Fabian Glamann (PayPal Germany, Austria, and Switzerland), and Robert Bueninck (Klarna Group).

This is what ‘Payment Summit’ says in advance:

Some fintechs now offer a simple and fast access to loans. These are particularly interesting for smaller companies and startups because the terms are more flexible.

In this presentation, you will get an overview of current options and their advantages and disadvantages.

Statement (PayPal)

“We aim to support our merchants in running their businesses successfully and growing together with us. This is achieved through our range of payment solutions for online shops and also through a financing solution that allows merchants to easily and quickly access the necessary funds to expand their businesses – whether it’s for purchasing inventory, running marketing campaigns, or investing in technology and logistics.”

Statement (Klarna)

“Klarna offers business loans to merchants: Under the name ‘Klarna Boost,’ merchants using Klarna can apply for loans up to 100,000 euros. Repayment is made through a percentage of the incoming payments via Klarna, and the costs are fixed. Klarna explains in an interview what makes this service special.”

Statement (creditshelf)

“One needs money, the other wants to invest – Creditshelf aims to bring these two parties together. This happens through the online platform of the Frankfurt-based fintech: Companies present their projects there. After an examination, investors can bid to finance the project – the most favorable interest rate offer prevails. Since its launch in late 2014, Creditshelf has reportedly facilitated nearly 130 loans with a total volume of 58 million euros.”

Statement (LABEST)

“What can Amazon do that traditional banks seemingly cannot?! The retail industry needs reliable sources of financing to create better purchasing margins and to position themselves better in the competition.”

Don’t miss it! Thursday, November 7, 2019, between 11:15 and 11:45 a.m.