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One of the top points of sale finance companies in the UK, Novuna Consumer Finance, and UK-based checkout finance platform provider Divido have partnered to allow retailers to offer their consumers affordable white-labeled financing.

The collaboration combines the 40+ years of retail finance experience of Novuna Consumer Finance with the distinguished technology of Divido.

With appealing Novuna financing choices, Divido’s smooth checkout finance journeys for in-person and online purchases will benefit merchants. Divido can be scaled globally by simply adding more lenders to cover new nations.

By having their own white-labeled solution, retailers using the Divido checkout financing platform will boost conversion rates and strengthen their brand. With help from both in-store and online resources, Divido’s journeys may convert customers at rates of up to 76%.

“This is a landmark partnership for the retail finance sector. With a lender like Novuna Consumer Finance behind the Divido platform, we’ll have the capability to expand our white-label platform to a greater number of retailers in the UK.” 
“We look forward to increasing the scope of our partnership to benefit from Novuna Consumer Finance’s established expertise in the market.”
                                                                                                   Todd Latham, CEO of Divido.

Due to the agreement, Divido merchants will have more alternatives and flexibility when selecting a lender to offer financing solutions. In order to provide competitive lending rates and greater acceptance rates through their platform, Divido will take advantage of Novuna Consumer Finance’s 40+ years of experience and strong expertise in a variety of retail verticals.

According to Divido, Novuna Consumer Financing’s white-label platform will help merchants by increasing the amount of retail finance sales, as well as average basket sizes and recurring customer rates. Through the cooperation, Divido will be able to reach a larger network of significant merchants using its retail finance platform.

“We are incredibly proud of this exciting new partnership with Divido. 
“Our carefully crafted suite of flexible finance options has been built with customers in mind. Our tailoring options reduce the overall number of declined applications, helping retailers win more customers, as well as maximizing on those with high affordability. 
“These and many more services allow our retailer partners to offer customers exactly what they need: flexible finance options with low-cost monthly payments, all at the click of a button on their e-commerce platform, or quickly and simply in-store. 
“With over 40 years of experience, we’re looking forward to continuing to grow within the UK and tapping into a wider international market with the support of Divido.”
                                               Brian Flesk, Head of Retail at Novuna Consumer Finance.

The global platform provided by Divido will let Novuna Consumer Finance’s portfolio of current merchants expand their retail finance offerings to foreign markets.

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