San Francisco, CA – SCUTI, the gaming industry's pioneer in rewarded gCommerce (commerce through gaming) announced today that it will leverage Lenderwize’s factoring technology to quickly pay game makers, as another benefit of being part of the Scuti ecosystem.
Scuti benefits all parties with the perfect trifecta, rewarding and retaining players, generating incremental new revenues for game makers, and providing brands with a direct new sales and marketing channel. And now, Lenderwize’s premier fintech platform will accelerate SCUTI’s partners cash position, allowing all game makers to be paid ‘next-day’ against in-app purchase and advertising receivables through the Scuti platform…at no cost to game-makers in the SCUTI network.
SCUTI and Lenderwize do not see why game makers should wait up to 90 days, in some cases, for their earned revenues. The partnership will allow all game makers working with SCUTI, to access their cash next day, rather than wait the requisite 60-90 days for advertising and app store payments.
“Scuti was designed as a platform to provide all game makers with a better Acquisition, Retention and Monetization (A.R.M.) solution”, said Nicholas Longano, CEO of Scuti, “We are excited to partner with Lenderwize to help game makers with their cash flow needs. With SCUTI and Lenderwize, game makers can now receive payments ‘next day’ and utilize this needed revenue as working capital to continue to invest in their games”
Lenderwize provides embedded finance capabilities globally via a digital marketplace to help telecommunications companies gain access to working capital and is now expanding to help game developers solve their cash flow problems.
Lawrence Gilioli, CEO and co-founder of Lenderwize, said: “Lenderwize is extremely excited to partner with Scuti and help their partners and game makers with their cash flow needs by providing access to working capital tied up in the traditional invoicing process. Scuti and Lenderwize help companies acquire and retain players by quickly monetizing their funds to re-invest in their games and get ahead of the competition. Lenderwize has successfully provided funding in other difficult to understand markets and are very excited to do the same in the Gaming ecosystem.”
Scuti’s rewarded marketplace was built to provide players with a universal shopping and rewards system within their video games. Players can earn rewards which they can use to fuel their in-game experience and purchase any game-related digital items. Scuti helps brands sell directly to players without intruding in their gameplay.
About SCUTI
SCUTI is the marketplace for gamers, and a pioneer in rewarded gCommerce, accessed through video games and metaverses connected to the SCUTI Network. SCUTI provides players direct access to curated products, promotional offers, and exciting rewards, which can be redeemed for in-game virtual items, exchanged for native currency, or to purchase physical goods in the SCUTI catalog. SCUTI was built by video game industry veterans, with backgrounds from Blizzard Entertainment, Epic Games, Zynga, Electronic Arts, Eidos and Xbox Game Studios. SCUTI is a portfolio company of Fasanara Capital group investment house. Fasanara Capital is an independent, owner-managed, alternative asset management company authorized and regulated by the Financial Conduct Authority. The fund manages approximately $4.0 billion in assets.
For more information, visit: https://www.scuti.games
About Lenderwize Ltd.
Lenderwize is the leading Fintech Funding platform, funding the digital economy. Lenderwize’s Patent Pending Platform mitigates risks for all parties and provides Working Capital to clients who get their invoices paid in days, instead of months.
Clients include Telecom Wholesale Operators in Voice, SMS, Data, Digital Content Suppliers, Direct Carrier Billing Aggregators, Video Streaming Providers, Digital Ads and others in the Gaming ecosystem.
For more information, visit: https://lenderwize.com
For more information, please contact:
info@scuti.store
Press release
