Find news


Lightspeed expands its Merchant Cash Advance programme to the United Kingdom

Embedded financial services offering enables growth and innovation for expanding retail and hospitality businesses

London, June 29, 2023 / Lightspeed Commerce Inc. (NYSE | TSX: LSPD) has expanded Lightspeed Capital, its merchant cash advance programme, to the United Kingdom.

Bolstering Lightspeed’s embedded financial services offering, the launch aims to empower businesses with flexible funding in the face of rising inflation costs and turbulent economic waters. 

Powering the world’s best businesses, Lightspeed is the unified ePOS and payments platform for ambitious entrepreneurs: intending to support growth, provide the best customer experiences and become a go-to destination in their space.

“Lightspeed powers ambitious and resilient businesses who want to increase revenue and focus on their customers,” said Lightspeed MD for EMEA Liam Crooks. “We are thrilled to expand the Lightspeed Capital offering throughout the United Kingdom —empowering merchants who want to invest in their business. Our aim is to help alleviate roadblocks that traditional funding channels may be creating so that our merchants can continue to focus on what matters most—growing revenue while providing the best customer experience.”

Retail and hospitality entrepreneurs in the United Kingdom can welcome a new era of business funding with Lightspeed Capital’s cash advance programme for merchants. Lightspeed Capital empowers business owners with its unique approach to funding: 

  • Simple Application: A quick, seamless and stress-free application process for merchants with no personal credit checks.
  • Flexible Funding: Working capital is available in as few as 2 business days and can be used for any business need, from inventory and equipment through to staffing. 
  • Transparency & Stability: Flat-fee pricing, and no high or shifting rates, allowing business owners visibility and peace of mind. 
  • Empowering Growth: Merchants have access to the cash flow they need to expand and take their business to the next level.

Capital from a company merchants trust 

On the heels of Lightspeed Capital’s successful launch in the United States, the Lightspeed Capital cash advance programme for merchants will take on new territories this summer, heading to the United Kingdom. The programme is revolutionising  how traditional business funding works. 

Exclusively available to merchants using Lightspeed Retail and Lightspeed Restaurant , it boasts the added benefit of personal insight into their specific business needs. Lightspeed’s existing relationship with merchants makes for easier eligibility and underwriting, as well as for risk mitigation. 

How does Lightspeed Capital work?

  • Cash Up-Front: The cash advance programme provides working capital up-front to grow and support their business.
  • Predictable Payments: Merchant payments are a percentage of their daily sales; they pay more when their business is doing well, and less if things are slow.
  • Secure Fees: Flat fees mean merchants do not have to worry about fluctuating rates.
  • Clear Communication: Merchants receive a notification, in app or by email, that outlines how much cash advance they are eligible for  and the flat fee. 
  • No Deadline, No Interest: Merchants repay at the speed of their business. With no strict deadline, merchants can gradually pay the advance as a percentage of their daily transactions.

“We strongly believe that Lightspeed Capital will not only help us expand and grow our business, but also enable us to open new restaurants and make a complete shift from other ePOS systems to Lightspeed Hospitality. It’s an exciting move for us!” – Joju K Shibu, Business Analyst at the DABANGG GROUP (CASA PERI PERI, ESTABULO, FLEUR, SAKKU, SAKKUSAMBA)

For business owners, trying to secure funding in the current conjuncture can appear impossible. Lightspeed removes the roadblocks and frustrations that merchants face from traditional sources, making access to capital simple, secure and stress-free. The Lightspeed cash advance programme is tailored to merchants to support and strengthen their operations and fuel their ambitions.

“Businesses are the backbone of our communities, and Lightspeed’s goal is to make owning a successful business easier than ever. We believe real-time access to capital is one of the largest challenges facing merchants today. This expansion of Lightspeed Capital to the UK provides a simple, streamlined opportunity for our merchants to invest in their business. Our goal is to help turbocharge their operations,all through a single, unified commerce solution.”

– Liam Crooks, Lightspeed MD Europe 

Lightspeed powers the world’s best retailers, including: Neal’s Yard Remedies, Diageo, Jollyes, Brompton, and many more!

Dive into the transformative features of Lightspeed Retail and Lightspeed Restaurant and witness its powerful capabilities on our website


About Lightspeed 

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

For more information, see

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter.


Media Contacts:

Ilja Zeidler, Senior PR Manager EMEA
[email protected]  // 


Lauren Sawyer, Senior PR Manager, Bound to Prosper


Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including information regarding Lightspeed’s product offerings and planned product roadmap. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at and on EDGAR at Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

More of this