New York-based ChargeAfter has partnered with Canadian B2B Buy Now Pay Later (BNPL) provider Tabit to expand its network of lenders, according to a press release.
"We are thrilled to announce our partnership with ChargeAfter, a leading multi-lender platform,” Elias Beaino, EVP, Tabit, said. “Through this collaboration, Tabit is able to offer its innovative B2B BNPL solutions to even more merchants. c and help them grow and succeed."
Offering merchants financing options for their business clients at the point of sale to help broaden the currently limited catalog of financing methods, ChargeAfter partners with financing providers that specialize in serving businesses.
Powered by Merchant Growth, Tabit offers merchants financing options for their business clients at the point of sale. The Canadian-based B2B Buy-Now-Pay-Later solution allows merchants who use ChargeAfter to manage point-of-sale financing and offer business customers installment options from 30 days to 12 months. Its financing options were made to help broaden the currently limited catalog of financing methods.
"We are delighted to partner with Merchant Growth to add their Tabit's B2B BNPL solution to ChargeAfter's network of lenders in Canada,” Meidad Sharon, CEO, ChargeAfter said. “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."
The company counts with the support of a catalog of investors, which includes Visa, Citi Ventures, Synchrony Financial, Banco Bradesco, MUFG, BBVA, PICO Venture Partners, Propel Venture Partners, The Phoenix and Plug and Play VC.
“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,” a recent press release states.