Affirm, the leader in point of sale financing for consumers, announced today that it is spinning out a new business called Resolve that will be focused on B2B financing; merchants working with Affirm drove this change as they really wanted a B2B version of Affirm; the Resolve offering works as an automated payment platform, integrated into B2B commerce websites in a similar way Affirm that integrates with consumer retailers; the key here is to offer financing that will result in repeat offers and more customer loyalty from B2B buyers. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.