It’s been a year of uncertainties for many industries, but the global pandemic has brought a bounty of opportunities to the eCommerce industry. In fact, we’re delighted to now be able to announce that we have reached a new milestone: £100 million in lifetime sales.
This landmark represents our positive impact on the LendTech and eCommerce industries since establishing in 2014. There’s no sign of us slowing down anytime soon either, with interest free credit point of sale (POS) finance having never been more relevant or in demand from customers.
Why we’re so proud about it
From increased sales and bolstered average basket values, to reduced checkout abandonments and offering a seamless checkout experience, our retailers are seeing incredible benefits as a result of introducing DivideBuy to their checkouts.
In fact, what’s most promising is that these days many consumers have come to expect the speed, immediacy, control, and convenience POS finance solutions offer at the checkout. More than anything, consumers now want choice, and with our retail partners now being able to offer them a credit option without any added interest, both consumers and retailers are experiencing a boost.
Onwards and upwards
This monumental moment for the company comes less than a year after we hit £50 million lifetime sales in October 2019. Thanks to the hard work of our dedicated team and our robust technology-first approach to lending, we’ve doubled our lifetime sales in less than a year.
Not only this, but the company was recognised as the fourth fastest growing technology business in the EMEA region in 2019 by Deloitte, and the third fastest growing technology business in the UK in January 2019, after securing £60m equity investment and debt financing.
However, we’re not keeping the benefits of these successes to ourselves, as we have exciting new retailer partnerships in the pipeline for 2021. So keep your eyes peeled for news!
As ever, it remains our mission to enable as many retailers and their customers as possible to benefit from the opportunities interest free credit can offer.
To find out more about how your online business can work with us, book a demo with our business development team.