Agile Financial Systems (AFS), a financial technology company specializing in payment processing, announced that it has teamed up with LendingPoint, an AI-driven CreditTech financial platform, “to offer merchants consumer lending and unsecured personal loans online and at the point of sale.”
By enabling merchants to tap into the Buy Now, Pay Later (BNPL) financing with highly personalized lending solutions, AFS can “maximize their revenue and improve customer retention with a seamless financial experience.”
This partnership will “offer AFS merchants and their consumers the flexible financing solutions to meet significant pay-over-time market demand, with access to customizable options available to qualifying consumers within seconds through LendingPoint with no impact to their credit score to apply.”
LendingPoint leverages AI and technology “to create better financial borrowing experiences, employing its AI CreditTech platform to understand the unique credit history of every applicant with near-instant decisioning.”
LendingPoint has “seen steady profitable growth for seven consecutive quarters, projected to continue throughout 2022.”
Dustin Siner, chief revenue officer at AFS, said:
“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. 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.”
Through the LendingPoint partnership, AFS merchants “can expect to deliver loans to consumers online, through e-commerce platforms, at the point of sale, or any way that best meets their needs.”
With a simple digital application process, merchants instantly “expand consumer purchasing power.”
Joe Valeo, executive vice president, GM at LendingPoint, remarked:
“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. We are proud to be working with AFS to help drive accelerated payment processing growth by removing the friction from borrowing.”
Corey Young, chief executive officer at AFS, noted:
“LendingPoint has taken a bold yet seamless approach to borrowing that complements our vision of unlocking broader opportunities within the BNPL space. 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.”