London, United Kingdom (PRWEB UK) 28 July 2014
Pay4Later today announced a partnership with Oakbrook Finance to lend through Pay4Later’s platform and expand their consumer point of sale finance capability.
Oakbrook was established in 2011 to provide finance for career development and vocational training. With a deep expertise in credit risk analysis, Oakbrook provides bespoke finance solutions for customers who are not well served by the traditional high street lenders. The vision is to utilise data and technology to gain insight to boost customer approval rates. By partnering with Pay4Later, Oakbrook gains access to the market leading consumer finance platform and the perfect tools to achieve this vision.
By integrating with Pay4Later, Oakbrook’s innovative approach to consumer credit can now be applied to other market sectors. Oakbrook is backed by Blenheim Chalcot, who have a track record of launching and growing successful companies.
Pay4Later and Oakbrook will initially focus on providing point of sale consumer finance solutions to businesses in the retail, healthcare, education & training and green energy sectors.
Scott Law, CEO of Pay4Later said, “ We are delighted to partner with Oakbrook, an agile and innovative lender who shares our appetite for growth. Our teams are already working closely together to boost acceptance rates and increase profit per applicant for retailers.”
Michael Woodburn, CE Oakbrook Finance added, “We are very excited about our partnership with Pay4Later and the opportunity to extend our point of sale lending through this platform and retailer base.”