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FlexShopper Partners with Versatile Credit to Expand Merchant Opportunities

Sep 09, 2024•almost 2 years ago

Contract Type

partnership

E CommerceGroceryMarketplaceRetail

Description

FlexShopper has announced a partnership with Versatile Credit, a leading provider of software that connects merchants, lenders, and consumers to facilitate financing options at points-of-sale. The partnership integrates FlexShopper’s lease-to-own services into Versatile Credit's platform, enhancing consumer payment solution options across more than 1,600 tire & auto retail merchant locations in over 30 states.

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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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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