Buy Now Pay Later refers to a payment option allowing consumers to pay off a purchase over a short time period without traditional underwriting. Often BNPL plans are available for smaller dollar purchases and only use a soft credit pull to verify a consumer’s credit quality and identity.

The term point of sale financing applies to larger-dollar purchases paid off over a longer period of time and requires traditional consumer underwriting and hard credit checks. Financing can be as high as $100,000 with terms over 10 years.

FinMkt’s partners and clients include banks, credit unions, non-bank lenders, financing platforms, original equipment manufacturers (“OEMs”), and home improvement companies, healthcare providers, and retail merchants.

Because FinMkt offers both a complete end-to-end financing platform and modularized options, every solution is uniquely and purposefully customized for each client, whether they are new to BNPL/point of sale financing or industry veterans.

FinMkt’s platform is product agnostic. Our technology supports traditional installment loans, revolving lines of credit, same as cash deferred interest promotional offers, lease-to-own, virtual cards and no credit check BNPL payment options.

FinMkt’s technology is omni-channel and vertical agnostic. We have developed custom solutions for home improvement, healthcare, retail and e-commerce. Wherever a purchase takes place, FinMkt’s technology enables BNPL and instant financing at the point of sale.

Single lender platforms only serve a fraction of consumers leaving merchants with a less than ideal financing solution and a poor customer experience. By integrating multiple lenders into one seamless full credit spectrum solution, merchants increase sales by providing more customers with pay over time financing options at the point of sale.

Partners can configure lenders and products to their liking and even integrate their own financing products or lending partners. FinMkt can also tailor lenders and products to meet the needs of each partner through our pool of integrated lenders that includes banks, credit unions, alternative lenders, and our wholesale bank partners.

With API-driven technology and a rockstar team, FinMkt moves fast. Need a solution with a tight deadline, feel encumbered by legacy technology, or don’t even know where to start in accelerating a BNPL/point of sale financing strategy? FinMkt can help every step of the way.

As consumer demand for financing options at the point of sale increases, lenders and merchants need to keep pace. FinMkt removes many pain points to accelerate the implementation of new or enhanced customized BNPL/point of sale solutions.