multifi, a leading provider of innovative financial solutions for UK small and medium-sized businesses (SMBs), has partnered with the bank payment company GoCardless to give their customers better credit options, including longer repayment periods and more flexible payment plans

Through this collaboration, GoCardless's Direct Debit feature will be integrated directly into the multifi platform. This will create a seamless repayment process, making it easier for businesses to manage their cashflow and focus on growth.

This partnership enhances multifi's credit products, offering custom solutions for both new and established businesses. It provides extended repayment flexibility and a dual-tier structure designed to support businesses at different stages of growth. Plus, the process is now streamlined with enhanced current account integration and automated repayment calculations, making managing finances even simpler.

Pat Phelan, Chief Commercial Officer at GoCardless, said: “We’re proud to power these flexible financing options for multifi. By using Direct Debit -- with automatic collections and failure rates far lower than cards -- multfi customers will gain peace of mind knowing their repayments will be made on time, every time. The regular and predictable nature of these repayments will also improve their cash flow management.”

Sunil Dial, Director of Revenue at multifi, said: "These enhancements represent a significant step forward in our mission to provide the most straightforward business finance product in the market. By extending our repayment terms and introducing a more flexible payment structure, we're offering our broker partners an even more compelling product to present to their clients."