In partnership with financial technology company Clearbanc, Facebook launched a new program called 'Chrged' that now makes it possible for companies to access "scalable solutions, financial support, cross border resources and Blueprint learning tools for e-commerce businesses."
With Chrged, businesses on Facebook are able to use their Facebook Ads Account to receive a customized offer, as well as flexible payment options based on the company’s business data. After applying, applicants are promised a one-day response based on the review of their past and projected business data.
Some of the ways that Facebook and Clearbanc suggest that companies on social media may grow their businesses with Chrged are for the purposes of purchasing more inventory, launching new products and even expanding their teams.
Social Business Accelerators
Facebook and Clearblanc's 'Chrged' Gives Businesses Access to Capital
Trend Themes
1. Facebook Ads Financing - The program Chrged, which offers flexible financing options based on business data to help companies grow their Facebook Ads campaigns
2. Social Media E-commerce Acceleration - Chrged is a tool that provides resources and learning tools to help e-commerce businesses grow on social media platforms like Facebook
3. Data-driven Capital Access - By leveraging past and projected business data, the Chrged program helps businesses on Facebook gain access to financing and scalable solutions
Industry Implications
1. Financial Technology (fintech) - Fintech companies like Clearbanc are creating new and accessible ways for businesses to receive financing based on their data
2. Social Media Marketing - Social media marketing industry is evolving with programs like Chrged which allows businesses to promote their products using financing and learning tools
3. Retail and E-commerce - The retail and e-commerce industries have the opportunity to grow and scale faster with financing solutions like Chrged, helping them buy more inventory and expand their business operations