RateSetter has announced a partnership with Pay4Later to enter the consumer POS finance market.
RateSetter is a peer-to-peer (P2P) lending platform by monthly volume. The company was a founding member of the Peer-to-Peer Finance Association and the first to introduce the concept of a Provision Fund, which protects savers’ money.
Pay4Later is a consumer finance platform combined with RateSetter’s scalable lending model which will enable more businesses to increase their sales by offering attractive finance options to their customers.
Peter Behrens, Co-founder and COO of RateSetter, said: “We are passionate about providing innovative consumer finance solutions that give businesses and customers more choice. Our partnership is another example of the strength of the UK’s FinTech industry and will further accelerate growth in the point of sale finance market.”
Scott Law, CEO of Pay4Later added: “It’s fantastic news for retailers that RateSetter is entering the point of sale finance market. We’re thrilled to partner with them to broaden the appeal of consumer finance to even more retailers.”
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