Category: press

ChargeAfter solidifies its position as a leader in the embedded lending landscape with the granting of a patent for its technology.

New York, March 26, 2024 ChargeAfter, the embedded lending platform for point-of-sale financing, announced that it has been granted a patent for its cross-service transaction facilitation technologies and dynamic transaction interfaces, by the United States Patent and Trademark Office. The patent underscores ChargeAfter’s position as a leader in point-of-sale financing solutions and reinforces its commitment to developing the best platform for merchants, lenders, banks and financial institutions.

ChargeAfter’s platform revolutionizes the lending landscape by serving as an advanced financing orchestration layer, effortlessly bridging the gap between merchants and a diverse network of lenders. The platform, customizable for both merchants, as well as banks and financial institutions, offers a tailored point-of-sale financing experience that may be used under their own brand. Seamlessly integrated across all customer touchpoints, it empowers merchants to present personalized financing options to their customers precisely when they need it, enhancing the shopping experience at every stage of the buying journey.

In a single application, shoppers are instantly connected to a network of lenders that cover the entire credit spectrum and offer a diverse array of financing products, such as short and long-term installments, revolving credit, and lease-to-own, with options for both B2B and B2C transactions. The platform also enables the configuration and use of both a waterfall and marketplace model to streamline the approval process and optimize the customer experience to ensure optimized approval and checkout rates. Merchants in the US, Canada, and Australia that integrate ChargeAfter’s embedded lending platform quickly experience improved approval rates of up to 85%, contributing to higher sales and greater customer loyalty.

Meidad Sharon, founder and CEO of ChargeAfter commented, “The awarded patent recognizes ChargeAfter’s innovative approach to cross-service transactions and confirms our position as the leading solution for point-of-sale financing. It is underpinned by the unique technology that underlies our embedded lending platform and our unwavering commitment to providing the best technology solution to our partners and clients. This achievement is the result of years of research, development, and refinement that have gone into our platform. ChargeAfter is dedicated to providing unparalleled solutions to merchants, banks, lenders, and ultimately shoppers as they seek personalized financing choices within their purchasing experience.”

About ChargeAfter

ChargeAfter is pioneering the embedded lending network for point-of-sale consumer financing for merchants and financial institutions. Powered by a network of lenders and a data-driven matching engine, ChargeAfter streamlines the distribution of credit into a single, secure, and reliable embedded lending platform. Merchants can rapidly implement ChargeAfter’s omnichannel platform online, in-store, and at every point of sale, enabling them to provide personalized financing choices to their customers.

ChargeAfter is backed by payment expert investors, including Visa, Citi Ventures, Synchrony Financial, Banco Bradesco, MUFG, PICO Venture Partners, Propel Venture Partners, and The Phoenix. ChargeAfter is headquartered in New York with an R&D center in Tel Aviv. For more information, visit chargeafter.com/about-us.

The Lending Hub enables banks and lending financial institutions to seamlessly create, manage, and distribute any lending product from one centralized platform.

New York, March 4, 2024, ChargeAfter, the embedded lending platform for point-of-sale financing, has unveiled The Lending Hub, a platform that transforms how banks deliver lending solutions for merchants and their customers at scale. Designed to empower banks and financial institutions to streamline the development, management, and distribution of multiple lending products, The Lending Hub is a first-of-its-kind omni-commerce solution.

A white-label platform, trusted by leading banks, The Lending Hub offers a suite of comprehensive tools and seamless integration that set a new standard in the market. Enabling banks to expand beyond their traditional lending models, it allows them to efficiently deliver lending services on a large scale, and focus on market penetration and adoption while maintaining the highest levels of security. 

“With ChargeAfter’s The Lending Hub, we are not just introducing a product, but establishing a new standard in financial technology,” said Jeffrey Tower, EVP of Global Business Development and Strategy. “Banks are seeking to expand beyond their traditional models and integrate their lending products directly into merchants’ points of sale. Our platform promises to transform the way they and their customers experience lending, offering a suite of comprehensive tools and seamless integration that stand unmatched in the market. For banks looking to redefine their lending experience and foster a future of financial innovation, ChargeAfter opens doors to possibilities once deemed beyond reach.” 

The ChargeAfter Lending Hub for banks is a comprehensive platform designed to allow financial institutions to streamline the development, management, and distribution of lending products. It equips banks and lending institutions with the tools to efficiently deliver lending services to merchants and shoppers at scale. This flexibility allows banks to rapidly deploy and manage diverse lending assets while maintaining a strong focus on their core business activities. Features of The Lending Hub include:

• Merchant enablement layer: rapid merchant onboarding, seamless integration, and omni-commerce checkout processes.
• Merchant self-service: full merchant management suite, BI analytics, and robust reporting.
• Bank oversight and merchant management: full lending program management, merchant oversight, chargeback management, and reporting suites for bank partners.
• Any lending product from The Lending Hub: including short- and long-term installments, revolving credit, buy-now-pay-later, private label credit cards, personal loans, project loans, and more. 

“ChargeAfter is well-positioned to meet the needs of banks which are increasingly seeking a trusted and experienced technology partner to help them expand beyond their traditional lending models,” continued Jeffrey Tower. “As the leader in the market, banks continue to select The Lending Hub to power their consumer lending services as it delivers the capabilities they need while maintaining their core competency of being the bank.”

About ChargeAfter

ChargeAfter is pioneering the embedded lending network for point-of-sale consumer financing for merchants and financial institutions. Powered by a network of lenders and a data-driven matching engine, ChargeAfter streamlines the distribution of credit into a single, secure, and reliable embedded lending platform. Merchants can rapidly implement ChargeAfter’s omnichannel platform online, in-store, and at every point of sale, enabling them to provide personalized financing choices to their customers.

ChargeAfter is backed by payment expert investors including Citi Ventures, Visa, MUFG, Banco Bradesco, Synchrony Financial, PICO Venture Partners, Propel Venture Partners, and The Phoenix. ChargeAfter is headquartered in New York with an R&D center in Tel Aviv.  For more information, visit https://chargeafter.com/about-us.

Contact us
Media Relations, Varda Bachrach, varda.bachrach@chargeafter.com
Investor Relations, ir@chargeafter.com 

New York, February 6, 2024 – ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.    

Citi Retail Services’ collaboration with ChargeAfter gives participating online merchants the ability to seamlessly integrate Citi Pay products, which include a digital-only credit card and monthly installment loan, into their point-of-sale experience. Citi Pay products give customers flexibility in their budgets and puts them in control of how they want to finance their purchases.

ChargeAfter’s Lending Hub for banks bridges the gap between merchants and lending banks by streamlining the complex process from product creation and management to the deployment and distribution of lending products. The Lending Hub for banks also enables swift merchant onboarding and integration for bank lending partners, allowing them to offer various financing options to merchants and their customers at scale.

“We are excited to join forces with Citi Retail Services, leveraging elements of ChargeAfter’s Lending Hub to empower and support the Citi Pay family of digital payment products to meet the evolving demands of the merchant community. This collaboration is an affirmation of the capabilities of our Lending Hub for leading payment providers,” commented Meidad Sharon, founder and Chief Executive Officer of ChargeAfter. “Our nimble, cutting-edge technology and rapid go-to-market tools for banks position us to support Citi Retail Services in expanding its Citi Pay products and enhance the customer experience at checkout.”

“Our collaboration with ChargeAfter enables us to quickly and seamlessly embed Citi Pay products into our merchant partners’ point-of-sale, which furthers Citi’s more than 30-year commitment to providing merchants and consumers with the secure and flexible payment options they desire,” said Terry O’Neil, Head of Connected Commerce and Strategic Growth Initiatives for Citi Retail Services.

About ChargeAfter’s Lending Hub

The ChargeAfter Lending Hub for banks is a comprehensive platform designed to allow financial institutions to streamline the development, management, and distribution of lending products. It equips banks and lending institutions with the tools to efficiently deliver lending services to merchants and shoppers at scale. The platform enables rapid merchant onboarding, seamless integration, and diverse processes such as branded eCommerce extensions, point-of-sale integration, call center, and QR code loan processes, as well as merchant self-service management tools, BI analytics, and robust reporting capabilities.

Additionally, the Lending Hub offers full lending program management, encompassing merchant oversight, chargeback management, mitigation measures, and in-depth reporting suites for bank partners. The Lending Hub empowers banks to offer a wide range of financial products, including short- and long-term installments, revolving credit with installments, buy-now-pay-later solutions, private label credit cards, personal loans, project loans, and more, all on a single platform. This flexibility allows banks to rapidly deploy and manage diverse lending assets while maintaining a strong focus on their core business activities.

About ChargeAfter

ChargeAfter is pioneering the embedded lending network for point-of-sale consumer financing for merchants and financial institutions. Powered by a network of lenders and a data-driven matching engine, ChargeAfter streamlines the distribution of credit into a single, secure, and reliable embedded lending platform. Merchants can rapidly implement ChargeAfter’s omnichannel platform online, in-store, and at every point of sale, enabling them to provide personalized financing choices to their customers.

ChargeAfter is backed by payment expert investors including Citi Ventures, Visa, MUFG, Banco Bradesco, Synchrony Financial, PICO Venture Partners, Propel Venture Partners, and The Phoenix. ChargeAfter is headquartered in New York with an R&D center in Tel Aviv. 

By expanding its network of lenders to include Wells Fargo, ChargeAfter enables merchants to provide their well-qualified consumers with fast approvals. 

NEW YORK, August 16, 2023 ChargeAfter, the embedded lending platform for point-of-sale financing, announced today that it is partnering with Wells Fargo Retail Services, a division of Wells Fargo Bank, NA that facilitates the delivery of consumer private label and industry credit card programs to retailers.

Merchants that use ChargeAfter’s platform to provide point-of-sale financing will now be able to offer their consumers Wells Fargo’s private label credit programs. Wells Fargo’s private label credit programs are designed to serve consumers with extended promotional terms and fast approvals for qualified consumers. These financing options are critical to retailers and service providers that operate in home goods, home improvement, outdoor living, jewelry, etc. Consumers can access the Wells Fargo private label credit product through a fast and frictionless embedded process at the point of sale. 

Steve Jermier, Senior Vice President of Relationship Management for Wells Fargo Retail Services stated, “Partnering with ChargeAfter enables us to easily embed our private label card products into the merchant’s point-of-sale. ChargeAfter’s simple integration into e-commerce and in-store POS platforms provides consumers with quick and convenient access to our product. This allows our retailers to provide consumers with financing for their individual needs at any point of sale.” 

Meidad Sharon, CEO of ChargeAfter commented, “We are delighted to partner with a global banking leader such as Wells Fargo. Integrating Wells Fargo’s private label credit products into the ChargeAfter platform enables merchants to easily provide consumers with fast access to the best financial choices available. As embedded lending becomes the new standard for merchants’ checkout experience, our platform maximizes customer buying power where it matters most – at the point of sale.” 

About Wells Fargo Retail Services:

Wells Fargo Retail Services, a division of Wells Fargo Bank N.A., facilitates the delivery of consumer private label and industry credit card programs to retailers, manufacturers, distributors, associations, and buying groups in a variety of markets. Learn more at wellsfargo.com/newbusiness.

About ChargeAfter
ChargeAfter is pioneering the embedded lending network for point-of-sale consumer financing for merchants and financial institutions. Powered by a network of lenders and a data-driven matching engine, ChargeAfter streamlines the distribution of credit into a single, secure, and reliable embedded lending platform. Merchants can rapidly implement ChargeAfter’s omnichannel platform online, in-store, and at every point of sale, enabling them to provide personalized financing choices to their customers. 

ChargeAfter is backed by payment expert investors including Visa, Citi Ventures, Synchrony Financial, Banco Bradesco, MUFG, PICO Venture Partners, Propel Venture Partners, and The Phoenix. ChargeAfter is headquartered in New York with an R&D center in Tel Aviv. Learn more at chargeafter.com

For further information, please contact 

Media Relations, Varda Bachrach varda.bachrach@chargeafter.com
Investor Relations ir@chargeafter.com

It’s a proud moment for us at ChargeAfter as we embrace our recognition as a trailblazer in embedded financing. We are thrilled to announce that we have secured nominations in not one, not two, but three categories at the esteemed US FinTech Awards 2023!

As pioneers in consumer financing, these nominations acknowledge our unwavering commitment to innovation and excellence. America’s burgeoning FinTech Awards have celebrated our impactful contributions in:

– BankingTech of the Year

– LendTech of the Year

– PaymentsTech of the Year

The judging panel reviewed hundreds of submissions. Being spotlighted amidst the nation’s best and brightest underscores our resolve to offer unparalleled consumer finance solutions, cementing ChargeAfter’s stature as an industry vanguard.

The winners will be announced at the ceremony in New York on 02 November 2023.

See the full The 2023 US FinTech Awards shortlist. 

By adding more B2B lenders to its point-of-sale financing platform, ChargeAfter enables merchants in Canada to provide their business customers with additional B2B financing options

NEW YORK, April 4, 2023 ChargeAfter, the leading multi-lender point-of-sale financing platform announced today that it is expanding its network of lenders through a partnership with Canada’s leading B2B Buy Now Pay Later (BNPL) provider Tabit, powered by Merchant Growth. 

As a result of the partnership, ChargeAfter will provide merchants in Canada with more financing options for their business customers at the point of sale. Financing options are very limited for businesses, resulting in low approval rates. To help merchants provide a solution for their business customers, ChargeAfter partners with financing providers that specialize in serving businesses. 

Tabit is a B2B Buy-Now-Pay-Later solution powered by Merchant Growth. Merchant Growth was recently recognized as the fastest-growing B2B financing provider in Canada. Tabit’s integration into the platform means that merchants that use ChargeAfter to manage their point-of-sale financing can now provide their business customers with installment options from 30 days to 12 months.

Elias Beaino, EVP, Tabit commented “We are thrilled to announce our partnership with ChargeAfter, a leading multi-lender platform. Through this collaboration, Tabit is able to offer its innovative B2B BNPL solutions to even more merchants. We look forward to working closely with ChargeAfter to bring flexible payment options to businesses and help them grow and succeed.”  

Meidad Sharon, CEO, ChargeAfter commented “We are delighted to partner with Merchant Growth to add their Tabit’s B2B BNPL solution to ChargeAfter’s network of lenders in Canada. This new partnership is an important step in our B2B financing program expansion. Embedded point-of-sale financing is fast becoming the new standard for the modern customer journey and I am excited that ChargeAfter’s lending network is leading this change.”

About ChargeAfter
ChargeAfter is the leading multi-lender white-labeled point-of-sale consumer financing platform and lender network for merchants, and financial institutions. Powered by a data-driven decisioning engine and network of lenders, ChargeAfter streamlines the distribution of credit into a single platform that merchants can implement rapidly online, in-store, and across any point of sale.

ChargeAfter investors include Visa, Citi Ventures, Synchrony Financial, Banco Bradesco, MUFG, BBVA, PICO Venture Partners, Propel Venture Partners, The Phoenix, and Plug and Play VC. ChargeAfter is headquartered in New York and has a research and development center in Tel Aviv. For more information, visit https://chargeafter.com/about-us 

About Tabit
Tabit is a B2B Buy-Now-Pay-Later solution powered by Merchant Growth. Tabit was founded in 2021 with the purpose of bringing the consumer buying experience to B2B. Through decades of data and a deep understanding of the borrower and lender landscape, Tabit partners with B2B suppliers to provide small businesses with flexible payment options at point-of-sale and eliminates the risk and expense associated with in-house credit management. Learn more at: https://tabit.ai/   

 

About Merchant Growth
Merchant Growth is a leading Canadian financial technology company that specializes in small business financing. Over the past decade, Merchant Growth has supported Canadian businesses with hundreds of millions of dollars in growth financing. Using an innovative approach that includes the latest technology, complete transparency and thoughtful customer care, Merchant Growth is committed to helping make business financing easy to understand and accessible. To learn more, visit: www.merchantgrowth.com. 

For further information, please contact
Varda Bachrach, varda.bachrach@chargeafter.com
Investor Relations, ir@chargeafter.com