Kafene Partners with LendPro to Enhance Access to Lease-to-Own Financing Solutions

Kafene Partners with LendPro to Expand Access to Lease-to-Own Solutions

In a significant move to enhance retail financing options, Kafene, a prominent point-of-sale leasing platform, has announced its integration with LendPro, a leading provider of lending technology solutions. This partnership is set to increase access to lease-to-own (LTO) solutions across various consumer credit profiles, particularly benefiting those who traditionally struggle to secure credit.

The integration allows Kafene to join LendPro's ever-expanding ecosystem of financing providers, which is tailored to seamlessly connect retailers and consumers. As a result, retailers utilizing LendPro's technology will now be able to offer Kafene's innovative tiered leasing model. This model is designed to facilitate purchases for customers who might not qualify for standard credit options. Therefore, it paves the way for increased sales on high-ticket items such as furniture, appliances, electronics, and tires.

Tony Cerino, Executive Vice President of Revenue at Kafene, emphasized the importance of this partnership, stating, "By integrating into LendPro's technology platform, we're making it even easier for retailers to present real-time leasing options to their customers." This integration is aimed at helping underserved consumers finalize their purchases and ultimately aiding retailers in expanding their businesses.

Matthew Dishman, CEO of LendPro, remarked on the positive impact that Kafene's lease-to-own solutions will have on consumers who often fall outside traditional lending criteria. He added, "We're excited to welcome them into our financing network, helping retailers deliver more approvals, better customer experiences, and greater sales lift." This collaboration comes at a crucial time when providing consumers with more purchasing pathways is increasingly vital due to the evolving economic landscape.

Kafene's mission is to democratize ownership by offering flexible lease-to-own options. The platform effectively empowers retailers to cater to both prime and non-prime consumers, enabling merchants to expand their customer base and meet the rising demand for durable goods. With a strong emphasis on advanced technologies such as AI and machine learning, Kafene strives to deliver an exceptional experience for retailers and consumers alike. Since its inception, the company has successfully generated over $300 million in additional retail sales, showcasing the effectiveness of its solutions.

The partnership with LendPro promises to enrich this journey further. Aiming to bridge the gap between retail and consumer financing, LendPro provides a frictionless, cloud-based platform that connects retailers and lenders. Their tools empower customers to explore and apply for a variety of financing options, ultimately improving approval rates and increasing average order values for merchants.

This integration signals a vital shift towards a more inclusive marketplace where retailers can easily offer leasing options to customers who may have limited access to traditional credit channels. By enhancing the financing landscape, Kafene and LendPro are paving the way for a more equitable buying experience.

For more information about Kafene and its innovative leasing solutions, please visit www.kafene.com. For details regarding LendPro, check www.lendpro.com.