Clearent by Xplor, a leading U.S. payment processor under Xplor Technologies, has announced the launch of Xplor Capital, an innovative embedded financing solution for software providers and their merchants. This new offering is made possible through a strategic partnership with Parafin, a "capital as a service platform" specializing in capital solutions for small and medium-sized businesses. Following the successful launch of Xplor Capital for small businesses, this extension allows Software-as-a-Service (SaaS) providers to integrate merchant financing capabilities directly into their software ecosystems.

More and more businesses are actively seeking accessible, fast, financing options to fuel their growth, with 67% of U.S. small-business owners planning to pursue funding within the next 12 months.¹ However, 77% of small business owners are concerned about their ability to access capital, highlighting widespread anxiety over financing and a challenging lending environment.

SaaS providers can use Xplor Capital to drive merchant growth by providing fast, frictionless access to capital – without the hurdles of traditional financing. With Clearent by Xplor's embedded payments infrastructure, and financing via its partnership with Parafin, software providers can offer customers pre-approved funding options based on sales data rather than credit scores – fueling growth and increasing software platform engagement.

"Cash flow is the most critical enabler of small business success, and the ability to access capital easily within SMB software ecosystems is a game changer," said Nick Campbell, Chief Product Officer, Payments at Xplor Technologies. "With Xplor Capital, software platforms offering our embedded payments suite of tooling can now extend efficient access to the capital merchants need – embedded within the software solutions they use every day to drive their business."

Software providers integrating Xplor Capital can provide flexible funding solutions to merchants, empowering them to invest in expansion, manage cash flow, and cover operating expenses. The program is designed to be low lift for SaaS providers, with minimal development required.