Open with Faire program expands into the U.K and other European cities
Faire, a global wholesale marketplace, has extended $60 million in credit to over 6,000 new brick-and-mortar and online retailers through its Open With Faire program. Launched in 2021, Open with Faire was developed to provide new independent retailers with the capital to source and stock inventory prior a retailer opening its doors. This initiative has been successful and this year, Faire has launched the program in the U.K., Italy, Spain, Germany, France, the Netherlands and the Nordics.
Open with Faire allows qualified businesses to purchase up to $20,000 worth of inventory on Faire, at 0% interest. “By helping new business owners maintain a healthy cash flow, the program extends their capital runway as they get started, leveling the playing field for underserved entrepreneurs,” Faire noted in a recent article about Open with Faire.
Faire’s platform supports a community of 570,000 independent brands and retailers, globally. For more information, visit www.faire.com.