Fintechs are continuing to revolutionize the way transactions are conducted.
These startups are challenging the industry status quo and reimagining the future of finance.
In line with this trend, Tabit — a pioneer of the Buy Now, Pay Later payment methods for businesses — and Jifiti, a multinational embedded lending company, announced this week a new partnership to support businesses in Canada.
According to the ratings agency Fitch, this year the country’s banks’ reports showed that loan growth continues to remain strong.
The new tech partnership will enable merchants to be able to access the Tabit plugin from marketplaces of e-commerce platforms, including Shopify and BigCommerce, as well as customize the user experience based on their needs, followed by immediately starting to offer installment loans and net terms to business buyers.
Jifiti’s platform supports B2B and B2C point-of-sale financing options, including loans, lines of credit, net terms and split payments. With its white-labeled platform, merchants retain full customer ownership.
Tabit was founded in 2021 with the aim to bring the consumer buying experience to B2B.
Said Elias Beaino, EVP at Tabit, “Through our partnership with Jifiti, we look forward to making the business buyer journey as simple, seamless and streamlined as it is for consumers. Using our branded ecommerce platform plugins, merchants in Canada will be able to grow their sales and cart sizes while simultaneously building loyal customer relationships.”
Said Victor Ofstein, Chief Revenue Officer at Jifiti, “We’re excited to be partnering with Tabit to help businesses in Canada easily finance their purchases in the most responsible and affordable way possible. At Jifiti, we strive to form partnerships with like-minded industry leaders in order to bring value to everyone involved, merchants and their customers, and this partnership achieves exactly that.”
Jifiti is a fintech company that supports white-labeled embedded lending solutions for banks, lenders and merchants across the globe.