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Fintex Capital launches buy-now-pay-later facility for SMEs
Fintex Capital, the fintech investment firm dedicated to alternative credit, today launches an innovative suite of buy-now-pay-later (BNPL) lending products aimed at established businesses seeking smart and cost-efficient debt financing and new avenues of growth.
Over the past six months, Fintex has developed a range of bespoke BNPL products for creditworthy businesses, to help them access new markets and unlock value from their existing customer base.
The first business to capitalise on the Fintex BNPL opportunity is an established, contemporary interior design studio based in London. The firm provides luxury interior design solutions and high-end furniture to medium and large-scale residential property developers.
Backed by an initial £5 million funding line from Fintex, the interior design firm will now offer their stylish furniture to customers on a buy-now-pay-later basis. This means that their customers now receive high-end furniture on their premises, whilst only having to pay 12 months after delivery. The customers incur zero upfront costs and also pay zero interest along the way. This helps them grow and accelerate sales, improve pricing and optimise cashflows.
The initial £5m funding line is funded by Fintex Capital’s discretionary investment funds. This innovative BNPL program is now open to other businesses as well and a series of further facilities of this kind are in the making.
Robert Stafler, CEO of Fintex Capital, said: “BNPL is opening new horizons, and this is the first-ever BNPL program of its kind. The fintech revolution changes how finance can be delivered to be of optimal use to borrowers. As an active fintech lender, Fintex embraces new horizons and smart technology. In B2B land, BNPL is still quite young, and Fintex is leading the way, delivering innovative forms of debt finance to help our borrowers – and their customers – grow their business and unlock value.”
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