Equifax and Thinking Capital today announced the launch of BillMarket, an innovative solution that brings together a small business credit grade and financing application designed specifically for Canadian small businesses.
BillMarket brings clarity to the industry by making it easy for small businesses to both understand their credit profile and use it to extend payment terms in their supply chain.
“BillMarket creates a new language of credit for small business in Canada. For the first time, there is a practical way to talk about and put a dollar value on small business credit in Canada,” says Jeff Mitelman, CEO and co-founder of Thinking Capital.
“BillMarket expands the purchasing power for Canadian SMBs and eliminates friction in the supply chain. Through BillMarket, small businesses can translate their credit grade to real-time available credit that they can use to extend payments with suppliers by up to 120 days. BillMarket represents a cash flow revolution for the Canadian small business market.”