A single integration to offer in-store financing to every retailer they work with
Efficient new customer acquisition strategy
Zero overhead to maintain or add a retailer to a financing program
Deeper insight into customer risk profile
Zero integration with lender’s systems
Short and simple onboarding
Maximize revenue by selling large ticket items with suitable financing
No need to interact with staff to apply for financing and risk the embarrassment of being declined
One-time installments loan for singular purchases without the need to get a new credit card
Simple and streamlined loan application processes
An API-Based Solution for Lenders
Jifiti’s new financing platform gives you the power to provide retailers with the ability to offer instant financing to qualified customers via a Mastercard digital prepaid card.
It reduces your operational costs since Jifiti requires only one integration and zero investment in maintenance to make your credit programs available at any retailer.
Jifiti provides a tool to reach and onboard new consumers as well as the opportunity to cross-sell financial and banking services.
Jifiti’s customized, one-time integration enables lenders to offer financing for any retailer they choose without needing to integrate to their POS
Single integration via API into Jifiti’s platform.
A digital Mastercard prepaid card solution enables customers to checkout as they normally would.
Modular and customizable, based on your setup. We build out the API to offer whatever your system needs.
On-the-spot financing means consumers receive instant access to their funds.
How it works
A Seamless and Simple Process
Lender’s application form is displayed by Jifiti in the retailer’s consumer financing interface
Consumer applies for financing – information is transferred via the secure API to the lender
Approval is returned to the Jifiti system via the API
Once approved, funds are issued on a digital Mastercard prepaid card that can be used only at that retailer
Consumer uses the Mastercard digital prepaid card to check out in the store, just like they would any card
Consumer repays the lender directly in monthly installments.
POS Financing Captures Lost Sales
U.S. SHOPPERS SEEK FINANCING
AOV INCREASE WHEN USING FINANCING
SHOPPERS PREFER RETAILERS WITH INSTANT FINANCING
Consumer confidence in alternative finance providers is growing. Not only is demand increasing for these solutions, but they have lower operational costs than traditional in-store retail financing products.
of U.S. millennials do not have a mainstream credit product
of UK millennial respondents have had loans with alternative providers
of global consumers use fintech solutions
Convenient financing – Instant solution for eligible customers, with clear terms so they always know how much they’re paying in monthly automatic repayments
A smoother application process – There is no need to apply for another credit card, or indicate to the store associate that financing is needed
Ease of use – The customer’s in-app and in-store experience allows them to check out like a regular paying customer
No more settling – The customer can now buy the item they really need or love without compromising on quality