ChargeAfter, a global network that enables retailers to match their consumers with credit and financing offers, announced on Wednesday it has teamed up with Visa to provide Visa cardholders with more choice and flexibility in payments when buying goods and services in-store or online.
ChargeAfter reported that through the 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. Speaking about the partnership, Meidad Sharon, CEO of ChargeAfter, shared:
“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.”
Shahar Friedman, Head of Visa Innovation Studio Tel-Aviv, added:
“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.”
As previously reported, ChargeAfter claims to be the first financing network that enables instant consumer credit at the moment of sales that works for consumers, merchants, and lenders. Sharon stated last year:
“ChargeAfter provides a single point for retailers to tap into multiple lending partners, for lenders to scale up, and for consumers to access fair and competitive credit options when they need it. Previously, it was too cumbersome for merchants to build and manage various lending partnerships, and with limited options, consumers all too often faced rejection during point-of-sale financing.”
The partnership with Visa comes less than a year after ChargeAfter raised $8 million during its Series A funding round, which was led by Propel Venture Partners, with participation from PICO Venture Partners, the Plug and Play accelerator and Synchrony.