Vagaro, a prominent business management software for the beauty, wellness, and fitness industries, has partnered with Liberis, a global embedded business finance platform, to introduce Vagaro Capital. This offering provides revenue-based finance to over 220,000 service providers, aiding small businesses in securing funds for growth. Merchants can access a quick approval and underwriting process, receiving the funds within hours.
The service offers fixed-cost financing with flexible payment terms, simplifying the process within Vagaro’s ecosystem. Within the first month, Vagaro Capital granted nearly $3 million in funding to over 200 merchants. Plans to extend this offering to the U.K. market are underway. Vagaro has a history of supporting businesses, having facilitated over 600 million appointments and processed $15 billion in payments.