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Due to a partnership with LendingPoint, AFS merchants can now support BNPL payments and provide accessible consumer loans.
FREMONT, CA: In a world where online shopping is expanding, point-of-sale financing alternatives, such as loans and buy now, pay later (BNPL) programs, provide consumers instant satisfaction and flexible payment options. Agile Financial Systems (AFS), a prominent financial technology firm, focusing on payment processing, has collaborated with LendingPoint, an AI-driven CreditTech financial platform, to provide merchants with consumer lending and unsecured personal loans online and at the point of sale. By enabling merchants to utilize Buy Now, Pay Later (BNPL) financing with highly tailored lending options, AFS can maximize their income and increase client retention through a seamless financial experience.
“Flexibility is key to the best interests of our merchant partners, and we know that they want the ability to offer flexible financial solutions to their own customers,” states Dustin Siner, chief revenue officer at AFS. “Our mission at AFS is to revolutionize the financial technology industry through innovative solutions created both in-house and through best-of-breed strategic partnerships. LendingPoint fits the mold of the innovative platforms AFS consistently strives to partner with, and we could not be more excited to promote broader financial inclusion through their promising loan and credit solutions tailored to satisfy consumer needs.”
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This cooperation will provide AFS merchants and their customers with flexible financing choices to fulfill the significant pay-over-time market demand. Qualifying consumers can access customizable options within seconds via LendingPoint, without impacting their credit score.
LendingPoint uses AI and technology to improve financial borrowing experiences, leveraging its AI CreditTech platform to comprehend each applicant's unique credit history and make real-time decisions. LendingPoint has seen seven consecutive quarters of profitable growth, which is anticipated to continue through 2022.
Through the LendingPoint partnership, AFS merchants can provide consumers with loans online, via e-commerce platforms, at the point of sale, or in any other manner that matches their requirements. With a straightforward digital application process, merchants immediately augment consumers' purchasing power.
“Loan offerings can open a lot of doors for businesses. In partnership with AFS, we can help merchants expand their reach and improve customer shopping experience with instant access to borrowing through our innovative technology,” states Joe Valeo, executive vice president, GM at LendingPoint. “We are proud to be working with AFS to help drive accelerated payment processing growth by removing the friction from borrowing.”
“LendingPoint has taken a bold yet seamless approach to borrowing that complements our vision of unlocking broader opportunities within the BNPL space,” concludes Corey Young, chief executive officer at AFS. “Leveraging an advanced technology and innovative lending system provides AFS partners and merchant clients with the tools they value to help their customers make purchases and pay for goods and services at their convenience.”