CreditGenie Forms a First-of-its-Kind Partnership with Audio Video Unlimited to Offer its Digital Point-of-Sale Financing Solution Across their Network of Stores
TORONTO, Oct. 23, 2018 /CNW/ - CreditGenie Inc., a leading Canadian software provider of digital point-of-sale (POS) financing solutions, has partnered with Audio Video Unlimited (AVU) to offer a first-of-its-kind, 100% digital white label installment loan offering to their network of 70+ owned and affiliated stores across Canada. In doing so, AVU is now able to market its own branded POS financing solution and have its customers apply on any device and get approved for 0% interest and standard interest options, both in-store and online.
"We are delighted to work with one of the fastest growing home electronics and appliances brands in Canada and making it more affordable for their customers to shop at their stores," says Daniel Shain, Co-Founder at CreditGenie Inc. "AVU's presence in small towns across Canada is a perfect fit with our unique offering that allows customers across the full credit spectrum to be approved for credit instantly. Our goal is to work alongside AVU and their network of stores to increase their overall sales volume," adds Alex Kaplunov, Co-Founder.
The custom white label installment lending partnership, a first in Canada, allows AVU to take advantage of the quickest POS financing solution on the market, offering their customers the ability to split their purchase amount into affordable monthly payments. Customers are able to get approved in less than 30 seconds and have a fully funded loan applied against their purchase in under 3 minutes. This is in addition to the solution having the highest approval rates in the industry, by being the only lending platform catering to customers with both good and weaker credit through a uniform application process.
"We realized a product was needed to provide potential consumers with a simple and private way to apply for consumer financing. We wanted to provide prime and non-prime financing under one application, no matter what the credit score was. We also needed a solution that would work well with our Partners and their websites. Having the AVU brand on it, gives it the continuity and comfort to the consumer of not going off-site to another lender. It also provides the assurance to our Partners that the funds are spent instore, not on a card that can be used elsewhere. After checking several other providers, we decided on CreditGenie as they had the best solution for these criteria. It's also very easy to control on the backend for our Partners. Their approval rate has been excellent. We made the right choice," says Jim Orr, President and CEO, AVU.
About CreditGenie
CreditGenie (www.creditgenie.co) provides a digital solution to SMEs in the retail, healthcare and education sectors to help them extend financing to their customers for large purchases. We help businesses acquire new customers and increase their average spend by offering the ability to split the purchase amount into affordable payments through instant credit approvals. The solution is free of charge for a business to use, requires no integration and ensures it's business-as-usual for our partners.
About Audio Video Unlimited
Audio Video Unlimited is a Canadian company founded in Vancouver in 1980. Since 1999, AVU has become an "affiliation" model and has acquired members in all parts of Canada. The AVU network now includes 70+ independent electronics and appliances retailers across Canada, including the Yukon and the Northwest Territories. AVU is also associated with a large purchasing group which allows us to offer you the same level of pricing as the "Big Box" stores.
SOURCE CreditGenie Inc.
Daniel Shain, 416-543-3846, [email protected]
Share this article