Bespoke Financial, the first Fintech lender in the country providing debt financing to cannabis companies, today announced its strategic partnership with PayQwick, the cannabis industry’s most comprehensive treasury and financial services platform. The partnership provides a compliant one-stop-shop for cannabis businesses to access Bespoke’s lending products and PayQwick’s invoicing, electronic bill pay, armored car cash pick-up, wire transfers and other financial services. The lack of access to traditional financial services including deposit accounts and lines of credit has been a major roadblock in the early years of the cannabis industry. This partnership enables Bespoke’s clients to seamlessly access preferred deposit fees in addition to free money transfers to mutual Bespoke and PayQwick customers via the PayQwick platform. In return, PayQwick clients receive priority access to qualify for lines of credit with Bespoke based on the underwriting and due diligence processes cannabis operators currently abide by. The platform is currently available to cannabis businesses operating in Arizona, California, Colorado, Florida, Illinois,, Massachusetts, Michigan, Oregon, and Washington – with more U.S. markets to come.
Published Ncv Newswire, New Cannabis Ventures, 04/21/2022 08:45:00