Dopple Accelerates Growth With 50% Month-on-month Surge as Major Retailers Switch to the Multi-lender Platform

Dopple, the comparison-at-checkout retail finance provider, has announced its period of rapid acceleration. With a 50% month-on-month surge as major retailers embrace its multi-lender comparison approach.

Built on Managing Director, Kurt Shinner’s, extensive Point-of-Sale (PoS) Buy Now Pay Later (BNPL) experience, Dopple was born from five years of direct merchant feedback around the pleasures and pain points of retail finance. Rather than simply understanding these Shinner made them into the very foundation of Dopple’s unique multi-lender platform. 

Dopple’s platform integrates multiple major lenders including Omni Capital Retail Finance, with other leading players onboarding soon. Its lending options range from 30 days to 120 months and customers can filter and compare results like Lowest Monthly Payment, Lowest Interest, Shortest Loan Term and Lowest Payable Now, giving merchants and consumers, from prime through to near prime, the power of choice at checkout. Dopple does this with one application to access a whole panel of lenders with multiple chances for approval. Customers get results in seconds and can filter and compare them to find the offer that’s best for them. The worlds of insurance, utilities, banking and travel have all been transformed by comparison sites and now Dopple brings this to retail finance. 

Since 2023, the leadership team at Dopple has grown, now comprising seasoned finance experts bringing experience from major brands including Vanquis and Virgin Money. Dopple’s wealth of expertise is changing the way both consumers and merchants view and access finance options.  

In October Dopple saw a 51% surge in completed finance applications and a 46% boost in top-of-funnel customer interest, unlocking opportunities for merchants in sectors that have previously been overlooked.

Shinner said: “My experience in the retail finance market, has given me an invaluable insight into the pain points faced by merchants when implementing retail finance solutions.

We heard time and time again the frustrations around limited lending terms, high abandonment rates from declined credit applications and a lack of a truly seamless multi-lender experience. Our platform empowers both merchants and consumers to really take control of their finance options.

We’re excited to continue this momentum of growth and further solidify our position in retail finance, becoming a household name by transforming access to credit and payment options” 

Research conducted by the business across 2,000 UK consumers, found that 72% would abandon their cart when declined for finance as is often the way with a single lender approach. Dopple’s product has been built around a deep understanding of this. Simply put, multiple chances for finance approval, mean increased acceptance rates and more baskets being checked out.

Dopple is set for continued growth, having recently been accepted as an official partner of a major retail eCommerce platform and is one of a limited number of firms to have achieved this status, offering Dopple as a service to its 4.5 million online stores. Dopple is also set to integrate with Each Person app, operating in 45 countries and providing discounts to over 250,000 employees. 

As the first platform to offer finance comparison at checkout, Dopple has rapidly captured market share across education and training, tech, automotive, jewellery, sports and hobbies, medical, outdoor living and home furnishing and improvements.

“We’re looking forward to a future of enabling even more lenders and banks to enter the retail space with the power of Dopple. We’re talking to some exciting merchants right now, household names that are keen to give their customers the finance choices they deserve,” says Shinner, “The word from our clients is they’ve been waiting for a better way to do retail finance and we’re happy to say Dopple delivers on this.”