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FlexShopper Partners with PayTomorrow to Enhance Consumer Payment Options

Aug 19, 2024•almost 2 years ago

Contract Type

partnership

E CommerceGroceryMarketplaceRetail

Description

FlexShopper and PayTomorrow have announced a strategic partnership to integrate FlexShopper’s lease-to-own services into PayTomorrow’s flexible financing platform, offering enhanced financing solutions for consumers and merchants. The partnership has already added over 100 incremental locations with additional retailers, supporting a robust pipeline of over 4,000 locations.

Company Information

Company

FlexShopper

About

FlexShopper, Inc. is a financial technology company that provides brand-name electronics, home furnishings, and other durable goods to consumers on a lease-to-own (LTO) basis through its e-commerce marketplace (www.FlexShopper.com), as well as its patented systems. FlexShopper also provides LTO technology platforms to retailers and e-retailers to facilitate transactions with consumers that want to acquire their products but do not have sufficient cash or credit. FlexShopper approves consumers utilizing its proprietary consumer screening model, collects from consumers under an LTO contract, and funds the LTO transactions by paying merchants for the goods.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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