Leading fulfillment centers are looking for new ways to help their customers and add more value beyond traditional shipping and storage services, while many small and midsize companies creating physical products have found it impossible to obtain supply chain financing from traditional routes due to their lack of financial history.
Cash is King!..It can all make sense in your projection models but when you just start having to invest more and more into work in progress inventory you go through this mind blowing experience where everything’s going right but the business is going to fail by its own success”Matt Vroom, CEO, Henge Docks (Rush Order client)
With Rush Order becoming a member of the Kickpay Fulfillment partner program all their customers can now leverage their inventory and shipment data to obtain inventory finance via the Kickpay platform.
Matt Vroom, the CEO of Henge Docks and a Rush Order client highlighted how important inventory finance can be – “Cash is King!..It can all make sense in your projection models but when you just start having to invest more and more into work in progress inventory you go through this mind blowing experience where everything’s going right but the business is going to fail by its own success”
Fulfillment Centers expand their services
Many leading Fulfillment Centers now understand that they must offer services beyond storage and shipping in order to build deeper relationships with their clients and grow their business.
The Kickpay Fulfillment Partner Program enables Fulfillment Centers to offer financial services to their clients without any additional risk. By automatically integrating the shipping and inventory data into Kickpay’s lending platform, Fulfillment Centers are able to offer inventory financing to their clients.
Inventory finance for startups
Kickpay allows fulfillment center clients the ability to only pay for goods after they have sold them. Clients can unlock the capital tied up with in-stock units and even fund new inventory that is currently with a manufacturer.
Kickpay helps customers to grow faster. We find that our most successful customers spend money in three main areas:
- Increasing the budget for sales and marketing.
- Putting money into R&D for new product lines.
- Ordering more units from their manufacturer to eliminate out of stock scenarios.
Partnering with Rush Order
Based in Gilroy, CA, with operations in New York, Canada, The Netherlands, Hong Kong, Japan and Australia, we are excited that Rush order has decided to join the program.
Rush Order decided to partner with Kickpay to enable financial products to be added to the services offered to all of their clients. With over 50% of their client base engaging with Kickpay, it has proven to be even more successful than initially expected.
The partnership enabled Rush Order to combine their unique shipment data and physical control of client’s inventory with Kickpay’s capital and lending platform. This meant every client could unlock the vast cash reserves tied up in inventory stored at Rush Order to grow their business.
If you are a company that sells physical goods and are interested in learning more about how Kickpay can help you grow by financing your inventory head over here to get more details.
Are you a Fulfillment Center wanting to offer inventory financing to your clients? Contact us here.
Would you like your Fulfillment Center to offer inventory financing? Let us know here.