You can manage the whole client journey by keeping your financing in-house.
Compassway's BNPL solution provides highly adjustable end-to-end automation and delivers smart AI-powered credit decisions
1. The ability to integrate an unlimited number of stores via API.
2. Simple and convenient 5-step registration, requiring only the client's date of birth and phone number.
3. Completely remote KYC.
4. Signing the BNPL agreement online.
Learn how business like yours take advantage from taking BNPL in-house
Compassway's BNPL solution makes it possible for lending businesses to directly provide credit products to their customers rather than referring their clientele to competition.
Clothing & Accessories.
Medical equipment & Healthcare services.
Fitness equipment.
Devices & Gadgets.
Car parts & Repair services.
Home Design & Furniture.
Compassway's BNPL software
Compassway's BNPL solution enables any enterprise to integrate lending into its core system.
STEP 1
Customers find your goods and decide to pay in installment.
STEP 2
Clients complete the buy-now-pay-later form which then goes through an automated/manual approval procedure (whichever you prefer).
STEP 3
You receive the full repayment schedule and charge the down payment automatically.
STEP 4
The goods are delivered to the customer, and Compassway collects regular payments.
STEP 5
You can get in touch with the customer via their borrower portal and monitor buy-now-pay-later performance through the admin dashboard.
Have more profits than ever using our BNPL software the way you want
BNPL procedures are fully automated and may be tailored to your individual business need.
Built-in AI-driven decision engine that makes fast and accurate credit decisions using standard and alternative scoring.
A customizable lending application integrates with the customer's journey on your website's front-end, delivering a seamless user experience.
The Vendor module makes it possible to manage several stores and merchants and establish collaboration.
Adaptable credit product and promotion management allow you to fine-tune settings to fit unique client requests, product specifics, and tax regulations.
Highly specialized software packages offer embedded lending for several verticals (retail, medical, auto, etc.).
Instant analytics and reporting on all data points that enter Compassway.
Permission-based workplaces for the staff and customers. Every user of the Compassway system will have their workspace with only the features they need to be enabled.
Compassway has 75+ pre-configured integrations and a cutting-edge API client that can unify all web products & services into a single solution.
A fully customizable white-label solution that can quickly adapt to your company’s design and colors.
Modules for origination, risk assessment, loan management, debt collection, and reporting make the whole buy-now-pay-later process easier.
Easy deployment options
Option 1. Widget
Any merchant you integrate with can have a buy-now-pay-later widget on their website.
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the ability to integrate an unlimited number of stores via API;
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simple and convenient 5-step registration, requiring only the client's date of birth and phone number ;
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completely remote KYC signing the BNPL agreement online.
Option 2. QR Code
E-pos is a cloud-based terminal for purchasing goods and services in offline stores via QR code.
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an unlimited number of branches integrated through an intuitive admin panel;
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just scan the code to submit an application and get approved for installment payments or the buy-now-pay-later service. No additional training for sales staff is required;
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easy 5-step BNPL registration for the end client;
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signing the BNPL agreement online.
BUY-NOW-PAY-LATER service for banks
Get new warm leads ready to buy the product: right here, right now!
Reduce your Customer Acquisition Cost (CAC) compared to traditional acquisition channels for banks (for example, brokers).
Increase quality leads percentage.
Expand clientele by integrating with various merchants (car dealerships, medical services, online stores).
BUY-NOW-PAY-LATER service for merchants
Offer additional service and comfort to customers who wish to purchase goods or services.
Retain clients who don’t have enough money to make a purchase right now or would prefer to pay in installments.
Increase purchase conversion without high-interest rates for customers.
Improve your income thanks to clients who got immediate funding through the BNPL offer.
Get loyal customers who appreciate your flexibility and convenient service offering.
WHAT CUSTOMERS SAY
We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services.
We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis Bobrov, CFO of CreditUP