Everstox With its Logistics-as-a-Service (LaaS) approach, it offers easy access to warehouse and shipping partners across Europe, including UPS, DHL, and DPD. This allows retailers to manage their entire logistics with a central cloud software solution. This should give fast-growing companies, in particular, the opportunity to easily launch one or more fulfillment hubs simultaneously and easily expand into other European countries. Customers of the Munich startupthat are already using this for themselves include Razor Group, Yfood and The Nu Company.
If sales increase, repayment increases
Thanks to the new partnership with Banxware, Everstox customers can now apply for financing. According to the company, they qualify based on their sales data, without requiring collateral or multi-year proof of ownership. Banxy, owned by Banxware, aims to offer financing with a transparent cost structure, with only a pre-agreed, fixed fee, completely free of interest or hidden costs. Disbursement is expected within one business day, and Everstox customers will receive a ten percent discount.
The financing term can be adjusted to six or twelve months depending on the borrower's needs. The key feature is that repayment is made from a small portion of the sales, meaning the repayment adjusts to the actual sales. If sales increase, the repayment increases; if sales decrease, the repayment also decreases.
“Enabling unlimited growth”
Boris Bösch, Co-Founder and Co-CEO of Everstox, says:
"E-commerce brands need the right tools to remain successful in the long term. Our goal at Everstox is to enable our clients to achieve unlimited growth. With our LaaS platform, they deliver faster and smarter, and can now easily increase sales. We are pleased to now be able to offer our clients this innovative form of growth financing in cooperation with Banxware: tailored to e-commerce brands, the Banxy by Banxware platform allows our clients to focus clearly on their business rather than cash flow."
And Miriam Wohlfarth, founder of Banxware, is sure:
"In recent years, we have seen a sharp increase in e-commerce startups. Due to the current crisis, some e-commerce companies are going through difficult times, and despite promising performance, their growth is being hampered by a lack of cash. At Banxware, we are passionate about financing small businesses. With Everstox, we now have the perfect partner to offer growth financing to Everstox customers in a transparent and innovative way. We are also pleased to enable Everstox to expand their service offering with a flexible financing product."
