💳 Strategic Partnership for US Payments
Checkout.com, a leader in digital payments, announced a partnership with Slope on September 18, 2024. This strategic alliance focuses on enhancing payment performance for US enterprise merchants. Slope, a San Francisco-based B2B payments platform, specializes in "Pay Later" and "Pay Now" solutions. Backed by $252M in funding, Slope is recognized for its innovative approach to solving cash flow issues in the B2B sector. Through this partnership, both companies aim to empower merchants by providing advanced payment options and improving their financial operations.
💼 A Shared Mission for Growth
The partnership is driven by a shared mission to help businesses thrive in the digital economy. Checkout.com brings its global acquiring and processing capabilities, while Slope offers short-term financing solutions. Together, they enhance payment options for enterprise merchants. Jim Cho, VP of Revenue Growth at Checkout.com, highlighted the importance of customizable payment solutions. He stated, “By integrating Slope’s innovative financing options with our robust acquiring platform, we empower merchants to optimize cash flow and drive growth.”
💡 Innovations and Success
The partnership has already yielded success. Areas of collaboration include optimizing interchange costs, evaluating payment data, and improving cash management. Slope’s $65M funding round, with backing from J.P. Morgan, supports its expansion and innovation efforts, particularly in AI-driven checkout and risk assessment. Alice Deng, CPO and Co-Founder at Slope, praised Checkout.com for their long-term relationship and support in a highly technical space, stating, “Payments are our life and Checkout.com gets payments.”
🌐 Future Outlook
This partnership represents a significant step forward for both companies as they continue to serve the growing digital economy. With Slope’s enterprise-focused FinTech offerings and Checkout.com’s global expertise, the collaboration is poised to drive improved performance for US enterprise merchants. As the digital economy evolves, the ability to provide scalable, efficient, and customizable payment solutions will be crucial for long-term success.
How will this partnership impact US enterprise payments?
