Nabis, a licensed cannabis wholesale platform and legal market, announced the launch of Nabis Capital. The resource is an updated and streamlined payment solution that supports brand partners by helping to simplify cash flow and provide a form of working capital that is otherwise unavailable to licensed operators.
Nabis Capital—treated like a cash-on-delivery order for accounts receivable—provides 100% of the cash upfront with a 24-hour processing time, essentially acting as an in-house capital deployment method. Through a uniquely engineered algorithm, the fintech solution collects thousands of proprietary payment data points to create tiered ratings that act as a high level credit score for retailers, and allows Nabis partners’ to individually curate a support structure tailored and customized to their needs.
The availability of immediate funds will support brand scalability, product development and market penetration strategies, all while allowing businesses to identify strategic growth opportunities in the cannabis market. Nabis Capital is an unparalleled, vertically integrated fintech solution that not only fills a needed gap in the industry, but offers a robust set of tools otherwise unavailable to new and established cannabis operators.
Extending a resource like Nabis Capital allows the leading platform to provide a reliable backbone for its brand partners and their bottom lines. Operating in real-time with exclusive data points, the platform can also be used to identify cash flow trends in the market and help brands make strategic decisions with full visibility into their future financing.