AccrueMe Brings Partnership Model to Amazon Sellers

AccrueMe Co-founder Donald Henig told PYMNTS that the company's finance model is unique in that sellers receive capital to grow their business through an investment model.
 
PEARL RIVER, N.Y. - Sept. 22, 2020 - PRLog -- AccrueMe is a growth capital investment firm look to invest in successful Amazon businesses. In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice. AccrueMe Co-founder Donald Henig told PYMNTS that the company's finance model is unique in that sellers receive capital to grow their business through an investment model. Instead of giving sellers a loan as a bank would, the firm invests money directly into the business as a partner.

This partnership models allows Amazon sellers to focus on growing their business rather than paying off deb or monthly payments. It allows them continuously reinvest in their business without having to take any money out to pay off a lender. AccrueMe only makes money if the seller makes money and even when AccrueMe does make money they will leave it in the business, so the seller can continue to utilize the capital. It is a type of financing that has never been seen before and will allow smaller sellers to compete with big brands/retailers.

To learn more about AccrueMe, please click here: https://www.accrueme.com/

To read about the benefits of the partnership model, please click here: https://www.pymnts.com/news/retail/2020/vc-firm-brings-pa...

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Tags:AccrueMe
Industry:Financial
Location:Pearl River - New York - United States
Subject:Projects
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