Versatile now provides its merchant partners with access to Kafene’s tiered pricing model, giving retailers access to affordable and tailored lease-to-own options for customers interested in purchasing durable good items.
Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own (“LTO”) agreements, announced a partnership and integration with Versatile Credit (“Versatile”) the provider of software connecting merchants, lenders, and consumers to facilitate loans at point-of-sale and beyond.
The partnership is an integration, where Kafene becomes part of Versatile’s network of preferred partners that serve Versatile’s merchant partners and offer options for customers spanning the credit score continuum. Versatile now provides its merchant partners with access to Kafene’s tiered pricing model, giving retailers access to affordable and tailored lease-to-own options for customers interested in purchasing durable good items – allowing for a value-added way of addressing the needs of credit-challenged customers.
“Kafene’s partnership with Versatile and its vast, omni-channel technology platform marks a significant step forward in our growth trajectory,” said Tony Cerino, Senior Vice President of Partnerships at Kafene. “We’ll see more seamless integration with retailers large and small, with engagement and measurement opportunities that will undoubtedly help us take our retail partnerships to the next level. This is an exciting time for Kafene.”
“We’re proud to have Kafene join us as we continue to grow our financing network and expand upon our commitment to identify and innovate new opportunities for merchants to meet the financing needs of their shoppers throughout the credit spectrum,” said Vicki Turjan, COO at Versatile Credit. “Versatile is always looking to assess the needs of merchants and their customers and given the challenging macroeconomic environment, it’s perhaps now more important than ever to present choice and optionality with lease-to-own options for the underserved consumers who typically have few — if any — options. Kafene brings tailored solutions through its innovative tier pricing model that we believe is a great benefit to these consumers.”
