U.S. Credit Chooses FinMkt’s Point-of-Sale Consumer Financing Platform for Automation
FinMkt, the leading SaaS provider of point-of-sale consumer finance technology, announced today its partnership with U.S. Credit, Inc., a specialized financing company offering premium finance solutions to a variety of verticals. U.S. Credit has licensed FinMkt’s state of the art, end-to-end point-of-sale technology to automate its underwriting and funds disbursement processes. By leveraging FinMkt’s powerful platform, U.S. Credit plans to aggressively accelerate its point of sale consumer lending for the home improvement, medical and retail verticals.
U.S. Credit will be able to provide competitive financing to consumers across the credit spectrum at the point of sale. This will increase approval rates while also giving customers the opportunity to apply for financing safely and securely on their own device with FinMkt’s universal, contactless loan application.
“We foresee FinMkt being able to offer a number of processing solutions,” says Robert Ratliff, Chief Sales Officer at U.S. Credit, “ranging from a continuation of our simplest application links for the less-sophisticated retailers and small manufacturers, to more involved ‘white label’ sites for more savvy retailers and mid-size manufacturers, all the way up to fully-integrated shopping cart solutions for the largest and most technologically capable e-commerce entities.”
FinMkt has paved a pathway for banks, credit unions and alternative lenders like U.S. Credit to quickly and seamlessly enter the rapidly growing point of sale financing marketplace. Founded on the success of its consumer loan marketplace, Lendvious.com, the venture-backed fintech built its point-of-sale technology for over two years before launching in home improvement earlier this year. Nimbly able to adapt to market changes, FinMkt has already added innovative features to its platform when consumer demand for contactless point-of-sale financing and payments exploded after the outbreak of Covid-19.
Luan Cox, Finmkt’s CEO, says, “We’re excited to be partnering with U.S. Credit and providing them with best-in-class technology solutions to streamline and simplify the loan application process while offering competitive rates and terms for customers of all credit profiles.”
About U.S. Credit
The U.S. Credit Inc. platform is the hassle-free credit that you deserve. Whether you need credit for home improvement, the rugged outdoors, professional education, or a major purchase, the U.S. Credit Inc. family works to give credit where credit is due. Learn more at uscredit.co.
FinMkt is passionate about delivering best-in-class technology to improve the way consumers access competitive financing. FinMkt has developed a state-of-the-art multi-lender platform to facilitate point-of-sale financing for the home improvement, retail and medical verticals. FinMkt’s scalable, patent-pending SaaS platform includes seamless APIs and fully hosted white-label solutions. To learn more, please visit FinMkt.com or reach us by email at email@example.com.