HOLMDEL, N.J. – WorkWave, a provider of SaaS software solutions that support every stage of a service business’s life cycle, has announced its strategic partnerships with Wisetack, which offers pay-over-time for home services, and global embedded financing platform, YouLend. These partnerships will complement the financial services offered by WorkWave, giving their customers the ability to offer even more flexible payment options to end customers, while also giving WorkWave customers more flexible financing options that they can use internally, to help their business grow, when capital needs arise.
In an environment marked by economic uncertainty and persistent inflation concerns, flexible financing is vital. WorkWave’s partnerships with Wisetack and YouLend will allow WorkWave’s customers to take their finances into their own hands, ensuring they support their customers with more flexible ways to pay in today’s economic climate.
Through this partnership, WorkWave customers will be able to use Wisetack to offer their end customers flexible, pay-over-time financing options for larger purchases. This offering fits the needs of a budget-conscious buyer who wants or needs the service performed, but can not afford a sudden large ticket purchase. This also benefits the service provider because it allows them to perform these larger ticket services that would otherwise not be sellable, or would be delayed, fueling their growth.
“Pay-over-time solutions have been growing in popularity for many years now because consumers want a better way to cover large purchases," said Bobby Tzekin, CEO at Wisetack. "We’re thrilled to partner with WorkWave to give businesses of all sizes the tools they need to grow. We're confident they'll love Wisetack."
YouLend is a global embedded finance platform. Businesses often need cash quickly to cover unexpected expenses or take advantage of business opportunities. However, they may lack the credit history, collateral, or time it takes to qualify for traditional bank lending. WorkWave’s partnership with YouLend will provide its customers quick and easy access to the additional capital buying power they need to make the most of these opportunities, combined with flexible repayment options.
“This partnership between WorkWave and YouLend ignites a new era of financial empowerment for businesses around the country,” said Ted Kirk, Country Head, US Strategic Partnerships, at YouLend. “With YouLend's cutting-edge embedded financing platform and WorkWave's commitment to customer success, businesses of all sizes can now access the cash they need swiftly and seamlessly without the barriers of traditional business funding, offering a pathway to growth without traditional constraints.”
“These new product offerings reinforce WorkWave’s commitment to helping our customers grow their business and maximize their money in ways they simply couldn’t if they were not WorkWave partners,” said David F. Giannetto, CEO of WorkWave. “As a trusted partner, our customers rely on us to provide comprehensive solutions that impact all aspects of their business. These new credit solutions will provide them with the capital, speed and flexibility they need to grow.”
WorkWave initially announced its financial services suite of solutions in April 2022, and has since seen an impressive 40 percent increase in payments volumes since then. In addition to the new capital lending and pay-over-time solutions, the financial services product suite includes credit cards, payment processing and more. To learn more about WorkWave products, please visit www.workwave.com.
Disclaimer: All financing is subject to credit approval. Your terms may vary. Payment options through Wisetack are provided by our lending partners. For example, a $1,200 purchase could cost $104.89 a month for 12 months, based on an 8.9% APR, or $400 a month for 3 months, based on a 0% APR. Offers range from 0-35.9% APR based on creditworthiness. No other financing charges or participation fees. See additional terms here.
*Funding is provided by YouLend; WorkWave is not providing the credit. Terms and conditions apply.
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