Like many Amazon Sellers, Nick from Boston used his personal savings and credit cards to launch a business selling books on Amazon (later expanding to a hybrid FBA model).
In early 2021, Nick started to see success with his Amazon business but needed capital to acquire more inventory so he could grow without relying on his personal savings to fund growth. He came across AccrueMe and, with his background in finance, immediately saw the appeal of AccrueMe's model (although he was a bit skeptical as it seemed almost too good to be real).
Nick started by taking a small investment from AccrueMe which he quickly increased. In early 2021, a sizable portion of Nick's business was selling books on Amazon and booksellers were hit with challenging times when Amazon implemented restock limits during the pandemic. So, using capital from AccrueMe, Nick quickly pivoted more of his business into other Amazon selling models while not having to make any payments to AccrueMe so he could reinvest all of his capital in new inventory.
10X Profit Growth With AccrueMe In 6 Months
Like many Amazon Sellers, AccrueMe's interest when investing in Amazon Sellers is driven by bottom-line profit (Amazon FBA Sales - COGS - Amazon Fees). That focus on profit is part of what helped Nick 10X his bottom line profit in his first 6 months of partnering with AccrueMe.
Conclusion
After about 1.5 years of working with AccrueMe financing for Amazon Sellers through the pandemic, Nick no longer needed outside capital and repaid AccrueMe in full. Upon repayment, AccrueMe was 100% divested from Nick's business and Nick retained 100% equity ownership and control of his business. A few weeks after divesting, Nick did a zoom call with the AccrueMe team to talk about his experience which you can watch HERE.
About AccrueMe®
AccrueMe provides success-based financing for Amazon Sellers. With decades of experience in lending, AccrueMe's leaders have created a completely new way of providing capital, powered by a proprietary portal built around leading-edge eCommerce technology. With unprecedented line of sight into business data, AccrueMe’s portal simplifies financing for online retailers in a way that was never before possible: based entirely on sellers' success, and repaid when best for the seller, and not based upon a pre-determined schedule. Ecommerce retailers have built their businesses on the latest technology, we believe they deserve financing from a partner that's powered the same way. AccrueMe: cutting edge capital for eCommerce. Learn more at AccrueMe.com
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