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BPS Technology links with GetCapital

BarterCard operator BPS Technology has formed a partnership with fintech lender GetCapital and will offer loans to businesses using its networks.GetCapital has committed A$100 million in funding to the venture in its first year. Loans will be on its balance sheet and it will carry the credit risk.BPS will develop a sales team and will market to the 36,000 businesses that use its networks: the barter trading system BarterCard; the rewards and loyalty platform Bucqi; and Entertainment Publications, a sales channel for the hospitality and tourism industry.BPS will receive upfront and ongoing commissions on all transactions.GetCapital chief executive Jamie Osborn said in a statement that BPS's strong relationship with businesses that use its networks would allow it to deliver loans with "exceptional speed."

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