Press releases Archives - Page 3 of 3

ChargeAfter’s Multi Lender BNPL Financing Platform now Available on Lenovo.com

Shoppers will have access to personalized consumer and B2B financing from ChargeAfter’s omnichannel, multi-lender waterfall platform

NEW YORK, Oct. 20, 2021 /PRNewswire-PRWeb/ — ChargeAfter, the global market-leading buy now, pay later (BNPL) network announced today that Lenovo has launched its services on its U.S. website. Lenovo consumer and business shoppers in the United States can now easily shop, apply and receive instant financing from multiple lenders using a single application while receiving highly personalized and optimized offers across the entire credit spectrum.

ChargeAfter’s omnichannel multi-lender platform with more than 30 pre-integrated leading lenders empowers merchants to offer multiple consumer and B2B financing options using a single application directly on their eCommerce website or from a retail location while receiving up to 85% financing approvals in less than 3 seconds.

“We are excited to partner with Lenovo and bring the very best in buy now, pay later consumer financing to Lenovo shoppers,” said ChargeAfter Founder and CEO Meidad Sharon. “ChargeAfter’s platform and network of lenders delivers a powerful and transparent financing technology solution for Lenovo’s shoppers by providing a range of BNPL options behind a single application and providing the right personalized and approved credit offer to each shopper based on their unique credit needs,” said ChargeAfter Founder and CEO Meidad Sharon.

“Technology has become an important way to learn, work, and connect with others, and many people are wanting to upgrade their devices to remain productive and stay connected. By working with ChargeAfter, we are able to offer a range of financing options to all consumers,” said Carlo Savino, vice president of North America and Latin America eCommerce at Lenovo.

ChargeAfter’s BNPL financing platform provides financing options for every shopper—regardless of their banking history—including 0% APR, open lines-of-credit, short and long-term installments, card installments, lease-to-own, as well as B2B.

According to a recent study by “The Ascent”, 55% of consumers surveyed have used a buy now, pay later service—up from 37% in July of 2020—an increase of almost 50% in less than a year. $680 billion will be spent by global consumers using a form of point-of-sale financing in e-commerce channels alone by 2025. This will represent a 92% rise over the $353 billion spent in 2019, according to Kaleido Intelligence.

Merchants on the ChargeAfter platform include leading iconic U.S. retailers across home appliances, furniture, mattresses, consumer electronics, automotive, and elective medical amongst other verticals.

About ChargeAfter
ChargeAfter is the leading multi-lender buy now pay later financing platform connecting retailers and lenders to offer shoppers personalized financing options.

With its data-driven decisioning engine and network of global lenders, ChargeAfter delivers the most relevant financing offers to consumers from multiple lenders based on credit type – resulting in credit approvals for up to 85% of customer applications. ChargeAfter streamlines the distribution of credit into a single platform that retailers can implement swiftly both online and in-store. The company’s growing lender network offers seamless integration to lenders seeking to grow their customer base while expanding into new retail markets.

ChargeAfter investors include Visa, MUFG, BBVA, Synchrony Financial, Propel Venture Partners, PICO Venture Partners, and Plug and Play VC. Headquartered in New York, ChargeAfter has offices in Atlanta, Utah, California, and Tel Aviv.

For more information, visit https://chargeafter.com.

Media Contact:

Al Silverstein
al.silverstein@chargeafter.com
917-593-9977

Media Contact

Al Silverstein, VP of Marketing, ChargeAfter, +1 (917) 593-9977, al.silverstein@chargeafter.com

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MUFG innovation partners completes investment in ChargeAfter

MUFG Innovation Partners Completes Investment in Point of Sale Financing Platform Leader ChargeAfter and Announces Strategic Partnership to Expand Global POS Usage

ChargeAfter continues to lead and innovate the global, multi-lender consumer financing market with an investment and strategic partnership with MUFG to further bolster the consumer’s buying power and provide personalized financing choices at checkout

Sunnyvale, CA, June 09, 2020 /PRWeb/ — ChargeAfter, the leading Multi-lender Point of Sale Financing platform, and MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly-owned subsidiary of MUFG, the leading global financial group of Japan, announced a strategic investment and partnership to equip global eCommerce and brick-and-mortar retailers with the tools they need to approve more applications for POS financing from multiple lenders in real-time.

The investment and partnership will further promote ChargeAfter’s rapid global growth and presence, while accelerating the onboarding of new strategic lenders and merchants to the platform. This new collaboration will expedite the commercial distribution of ChargeAfter’s white-labeled Point of Sale Financing technology platform to global leading banks, lenders, issuing banks, and acquirers.

Founded in 2017, ChargeAfter provides leading eCommerce and Omni-channel retailers a Point of Sale Financing technology platform to offer personalized financing options from multiple lenders in a single application. With ChargeAfter’s data-driven decisioning engine and growing network of global lenders, ChargeAfter specializes in delivering the best financing offers from the most appropriate lenders for the consumer’s credit type (prime, near-prime and subprime), while approving up to 85% of applications.

“ChargeAfter created the next wave of credit by connecting merchants and lenders to provide consumers with personalized Point of Sale Financing options from multiple lenders, live and instantaneously at checkout. Consumers submit a simple, four-data-point credit application at checkout. ChargeAfter’s proprietary decisioning engine then processes the credit request across our lender network to find personalized, approved financing offers for the consumer which leads to high take rates, approvals, and sales for the merchant. ChargeAfter’s platform offers Omni-channel merchants the financing product and tools needed to deliver instant and flexible credit options from multiple lenders, while ensuring a flawless user experience,” said Meidad Sharon, CEO of ChargeAfter. “We are very excited about the new collaboration and investment. Working with MUFG, a top-10 ranked global bank, enables us to further our mission to democratize and socialize credit by making payments quick, convenient, safe, and accessible. We are placing the power of payments and flexibility back into the hands of the consumer. ChargeAfter’s vision is to help global consumers gain access to financing options that best fit their unique backgrounds and needs, and that are available to them wherever and whenever they are ready to purchase: online, mobile, in-store and over the phone.”

“Real-time POS financing provides affordability and smooth payment experience to shoppers, but most single lender solutions finance only a small segment of the merchant’s customers. Therefore, to find a solution that works all the customers, the merchant needs to search, negotiate, and integrate with multiple lenders” said Mayank Shiromani, VP, MUFG Innovation Partners Co., Ltd. “Dealing with multiple lenders is a huge challenge for both the merchant and the end customer. In ChargeAfter’s approach, a shopper is matched with offers from a diversified network of lenders in real-time, providing an optimized offer to each customer without requiring any additional efforts from the merchant. We believe that ChargeAfter’s model has a global potential and it can be applied to other verticals within financial services to provide the best fit solution to customers when they need it.”

About ChargeAfter

ChargeAfter is a market-leading Point of Sale Financing technology platform that connects merchants and lenders to offer consumers personalized Point of Sale Financing options at checkout from multiple lenders. Through a growing network of global lenders, merchants can approve up to 85% of applicants in real-time and increase sales by up to 45%. ChargeAfter’s network offers seamless integration for lenders to increase their customer base and compete for business while expanding into new retail markets by streamlining the distribution of credit into online and in-store point of sale financing.

ChargeAfter investors include PICO Venture Partners, Propel Venture Partners, VISA, BBVA, Synchrony, and Plug and Play VC.

Headquartered in Sunnyvale, California, ChargeAfter has offices in Dallas, New York, and Tel Aviv.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,700 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english

ChargeAfter Announces Partnership with Visa to Help Bolster Consumer’s Buying Power and Provide Accessible Financing Choices at Checkout

ChargeAfter has created the next wave of credit through its global multi-lender Point of Sale Financing platform and launch of strategic partnership with Visa to make payments personalized and flexible.

Sunnyvale, CA, Feb 12, 2020 /PRWeb/ — ChargeAfter, the leading Point-of-Sale Financing technology platform, today announced a strategic partnership with Visa to help provide Visa cardholders with more choice and flexibility in payments when buying goods and services in-store or online. Visa has also made a strategic investment in ChargeAfter.

Through this partnership, Visa’s network of sellers, acquirers and issuing banks will have the option to distribute a broad range of Point of Sale Financing and credit instruments to eCommerce and in-store sellers worldwide using ChargeAfter’s platform.

This collaboration will also enable Visa’s global network of issuing banks to participate in ChargeAfter’s network as direct lenders. It helps to further democratize payments by empowering Visa cardholders with additional payment choices and increased credit options at the Point of Sale.

“By combining ChargeAfter’s financing platform with Visa’s global reach, we have created one of the largest networks of global Point-of-Sale Financing,” said Meidad Sharon, CEO of ChargeAfter. “We are very excited about the new collaboration and investment. Visa and ChargeAfter share a common vision to make payments quick, convenient, safe and accessible. ChargeAfter’s vision is to help every consumer, worldwide, gain access to financing options that best fit their unique needs, and that are available to the consumer when and where they are ready to purchase – online, in-store and over the phone. As part of the continued effort to democratize credit, we’re placing the power of payment options and flexibility in payments back into the hands of the consumer. We are creating the next wave of credit.”

“Consumers increasingly demand more choice and flexibility when making a payment, whether for their everyday needs or high-value items. Working with ChargeAfter, we aim to make it easier for sellers and financial institutions to offer a range of tailored, personalized financing options at the point of sale, allowing consumers to manage their payments in a way that works for them,” said Shahar Friedman, Head of Visa Innovation Studio Tel-Aviv.

About ChargeAfter:

ChargeAfter’s platform was founded with the goal to help every consumer access fair and attainable financing options personalized to their unique needs.

ChargeAfter is a market-leading Point of Sale Financing technology platform that connects merchants and lenders to offer consumers personalized Point of Sale financing options at checkout from multiple lenders. Through a growing network of global lenders, merchants can approve up to 85% of applicants in real-time and increase sales by up to 45%.

ChargeAfter’s network offers a seamless integration for lenders to increase their customer base and compete for business while expanding into new retail markets by streamlining the distribution of credit into online and in-store point of sale financing.

ChargeAfter is venture-backed by leading VC’s such as, PICO Venture Partners, Propel Venture Partners, BBVA, Synchrony and Plug and Play VC.

Founded in 2017, ChargeAfter has offices in Sunnyvale, New York and Tel Aviv, Israel to better support our global clients.

About VISA:

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

Press Contact

Jeffrey Tower

VP of Marketing and Business Development, ChargeAfter

jeffrey.tower@chargeafter.com