LIRIDI

19/09/2021

In the new post on Medium, Vladislav Lurye (COO and cofounder of LIRIDI) shares his views on why Sri Lanka is an optimal choice for the LIRIDI to start its operations.

https://medium.com//why-we-choose-sri-lanka-as-our-pilot-market-abca2013017

LIRIDI launched its pilot project in Sri Lanka in Q1 of 2021 and has since been providing the country’s suppliers and small business owners…

14/09/2021

Less bureaucracy. No collateral. Approval within a minute.

These are the benefits that we want to communicate to our clients. This is how we will help them succeed in their mission.

Demand for our product is already extremely HIGH in our target markets. Thus, it is of BIG importance to educate our potential clients (small business owners) properly about Liridi.

We created a user-friendly video in which we explain our concept to small business owners. From A - Z.

Curious? Check out our video below!

Explanatory video of Buy Now, Pay Later digital platform LIRIDI (www.liridi.com) for the pilot market in Sri Lanka (31 August 2021)

30/08/2021

Hi everyone,
Hope you will enjoy this 5-minute read article from LIRIDI cofounder Vladislav Lurye, explaining how "Buy Now, Pay later" helps small entrepreneurs rather than consumers to grow.

BNPL stands for Buy Now Pay Later. It represents a new way of financial service allowing the consumers to buy the goods now and pay later…

20/08/2021

LIRIDI proudly announces acceptance into the Go Global Awards 2021 organised by the International Trade Council (https://tradecouncil.org/), which help celebrate the businesses that are innovative, unique and enterprising.

This is GREAT news. For us, and especially for you!

Thanks to the recognition of such an international global organization, we can build our business as a truly, global brand. It gives us the opportunity to build your small business even more efficient and stronger than ever before.

LIRIDI enables your small business to purchase any goods or services. Whenever you need it, and at a fair price.

Thanks to our mobile application, you can pay for them later!

02/08/2021

When we start negotiations with potential investors of LIRIDI they often ask us about a potential exit strategy. And this news is a positive sign for all investors and founders of Buy Now, Pay Later fintech startups.

We are sure that this giant M&A deal is just the beginning and looking forward to seeing more deals in the sector.
https://edition.cnn.com/2021/08/01/tech/square-afterpay-intl-hnk/index.html

Jack Dorsey's Square is spending $29 billion on an Australian buy now, pay later firm — a massive purchase that will help his company build out its global payments empire.

08/07/2021

Good article about how fintech startups in emerging markets can building partnerships with banks by collaborating with them and creating lending products to serve a segment they may not have targeted by the banks or MFI earlier.

Our company LIRIDI enjoys a first-mover advantage over the market creating Buy Now, Pay Later digital platform for small businesses and would keen to collaborate with local banks. We started from Sri Lanka and aim to expand to 12 countries within the next 3 years. So, we will happy to discuss cooperation in such countries as Kenya, Tanzania, South Africa, Zimbabwe, Nigeria, Indonesia.

https://www.globalvillagespace.com/fintech-revolution-at-pakistans-doorstep-do-you-know-what-it-is/?utm_source=angellist

GVS looks at Pakistan's Fintech revolution that has come as the silver lining to the Covid-19 havoc, helping to digitalize the economy.

01/07/2021

We are proud that LIRIDI listed among the 27 best London Based Emerging Markets Startups to Work For

This article showcases our top picks for the best London based Emerging Markets companies. These startups and companies are taking a variety of approaches to innovating the Emerging Markets industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size

10/05/2021

Have you heard about the growing trend of the "Buy Now, Pay Later" concept? More and more sellers over the world offering this option to their customers.

Read below how LIRIDI "Buy Now, Pay Later" payment option benefits sellers in Sri Lanka.

Right now we operate only in Sri Lanka but going to expand soon once we get investments. If you interested to cooperate with us, don't hesitate to contact - [email protected]

In our last post we described the advantages of buying POS terminals using LIRIDI services from the customers’ perspective. Let’s take a look at the “Buy Now, Pay Later” (BNPL) experience from the seller’s perspective.

If You a supplier selling goods or services to small business owners, here the benefits for You to offer the BNPL payment option to your customers:

1. Cashflow is a big pain point for both, You and Your customer. With LIRIDI, You get paid right away, even if Your customers want to spread the cost. LIRIDI’s financial partner will transfer funds to You immediately upon a customer’s purchase.

2. In addition to cash flow, suppliers need time to administer trade credit. Our interview with SME selling to small businesses in Sri Lanka shows that more than half of the buyers don’t pay on time. LIRIDI’s smart algorithms allow us to assume and take the credit risk of the customer. So, You are 100% protected and shouldn’t worry about chasing customers after late payments.

3. Increased sales. Industry data shows that suppliers increase their conversion rates by 20-30% with the BNPL service.

4. It boosts Your average transaction value. Small business buyers tend to buy more products plus spend more money when they’re given a BNPL option.

5. It grows Your customer base. Offering BNPL will help attract small business buyers who wouldn’t have bought in your store otherwise.

6. Stronger customer loyalty. If You want to maximize your reach and loyalty, it is no longer sufficient to offer only trade credit or credit card options to Your customers. Our research revealed that more than half of small business buyers would consider a BNPL product for business purchases. So, if You will not provide it, Your competitors will do.

So is the BNPL option is the right payment solution for You?
Connect with LIRIDI today and knew how LIRIDI BNPL service can impact your sales and customer lifetime value. Don’t miss a growing trend!
[email protected]
phone: +94 77 339 4064

22/03/2021

Hi! Have you seen the movie "The boy who harnessed the wind"?
This story is mainly about "never give up on your dreams" and we completely agree with this motto.
But we think it's also about never underestimate the power of technology that can help you to succeed.
Including financial technology, of course!)

Never stop believing in your self ideas hopes and dreams

13/02/2021

Dear LIRIDI Friends!

Things have been rocky during the 2020 year, and it’s because of our commitment to start the operations despite the COVID-19 pandemic, which affects businesses and customers all over the world in many ways. Despite the closed borders, lockdowns, and business interruptions, we are proudly able to announce the start of LIRIDI operations in our pilot market, Sri Lanka, on February 10, 2021.

The first product local small business owners can pay for via our App right now is a POS (Point of sale) terminal offered by Pay&Go Sri Lanka(https://paygo.lk/). You can check our App here - https://play.google.com/store/apps/details?id=com.liridi.lanka.mobile.clien although it operates only in Sri Lanka yet.

We are beyond grateful to our partners in Sri Lanka - Pay&Go and Future Life Investments Limited (http://www.fli.lk/) teams, for their trust and support of our initiative.

So what’s next?

New products that can be purchased via our App in Sri Lanka will be added soon! However, this is only the beginning as our aim is to build a truly global Buy Now Pay Later platform. So we are planning to enter new markets soon.

If interesting in cooperating or investing in LIRIDI, please approach us at [email protected]

Truly yours,
LIRIDI team

13/02/2021

Wow! LIRIDI listed among the Top 101 startups dealing with Small & Medium Businesses to follow in 2021!

As Britan digital media, The Startup Pill says in their recent article, they gathered in this list startups that "are taking a variety of approaches to innovate inside of the Small and Medium Businesses industry and around the world. They are all exceptional startups well worth a follow."

We thank The Startup Pill for including us in the top SMB startups and will continue to do our best to realise expectations. We believe that small business owners deserve financial freedom and a better purchase experience. And here we came with our truly innovative solution! LIRIDI App enables entrepreneurs to purchase goods and services whenever they need and at a fair price while paying for them later in several installments.

Stay tuned!

This article showcases Startup Pill’s top picks for the best Small and Medium Businesses startups. These startups are taking a variety of approaches to innovating inside of the Small and Medium Businesses industry and around the world. They are all exceptional startups well worth a follow. We trie...

19/01/2021

Dear Liridi friends, partners, and our valued customers!

As we recently started our operations in our pilot market in Sri Lanka, we wish to describe in detail how our service works from the client's perspective.

So, first of all, how are our customers, for whom we've been working hard to create the Liridi platform? It is micro and small business owners, who buy some goods or services for their daily business operations and may require some financial aid for it.

The process of buying the goods via the Liridi platform looks like this:

1. Small business owner (SBO) downloads the Liridi App and fill in an easy form to be accepted for funding.

2. SBO chooses required goods from the list of the merchants in the Liridi App (we have an extensive network of merchant partners) and applies for funding.

3. Liridi makes verification and scoring of the SBO.

4. SBO receives an automatic confirmation (or rejection, but it happens rarely) about the funding approval.

5. In case of approval, Liridi's financial partner pays the full purchase price directly to the seller.

6. The seller delivers the goods to the SBO.

7. SBO repays the purchase price (plus agreed interest rate) via the App by installments.

8. Also, SBO creates its own scoring rate with good payment discipline and upgrades its funding terms.

Look at the picture below and feel free to address us any questions or propose cooperation! We would be happy to hear from you! Cheers)