Customers Can Now Access Flexible and Transparent Financing Options and Pay Over Time For Purchases Made on BuildDirect.com
VANCOUVER, British Columbia, May 14, 2018 (GLOBE NEWSWIRE) — BuildDirect, the first technology platform for the home improvement industry, today announced its partnership with Affirm Inc., a financial technology company that provides transparent payment alternatives to traditional credit. Now, U.S.-based BuildDirect customers have easy access to flexible and transparent financing options to pay for home improvement and renovation materials over time. At the point of sale, shoppers will see exactly how much they’ll pay in fixed monthly installments over the term they choose.
“A key hurdle for many working on home remodeling projects and renovations is cost, as large or bulk purchases of products such as flooring can be very expensive,” said Dan Park, CEO of BuildDirect. “We are committed to making home improvement and renovation projects simple and convenient which is why we’re pleased to partner with Affirm. Customers now have the flexibility of buying today and making payments later, which reduces the price at checkout and supports any budget.”
Customers can select the Affirm payment option upon checkout and are provided with real-time approval of their loan amount, interest rate, and the total amount of interest they will pay. Customers can select 6, 12, or 18-month payment terms at competitive rates based on sophisticated underwriting that looks beyond traditional credit scores. To make payments easy, customers can sign up for autopay and reminders are sent via email and SMS.
“The traditional credit model is fundamentally misaligned with what’s in the best interest of consumers,” said Rob Pfeifer, Chief Revenue Officer at Affirm, Inc. “People want to have more control over their finances and appreciate having transparent, simple payment options when making purchases for things like major renovation projects, where every dollar counts. Affirm gives BuildDirect’s customers the ability to spread costs out over time without hidden fees and compounding interest.”
For more information on BuildDirect’s partnership with Affirm, visit www.builddirect.com/affirm.
BuildDirect is the first technology platform for the home improvement industry. The BuildDirect platform includes two core business units:
- BuildDirect Marketplace: An online marketplace that offers Pro Buyers and Homeowners the ability to purchase heavyweight home improvement products direct from Sellers and receive efficient direct-to-home (or jobsite) shipping of those products.
- Gateway Supply Chain: The first anywhere-to-the-home supply chain for heavy and bulky goods that equips manufacturers, distributors and retailers with efficient and cost-effective shipping solutions to move their products from anywhere in the world, to locations across North America.
The platform is powered by proprietary machine learning and predictive analytics that drive robust efficiencies for the innovation of heavyweight product services, distribution, and sales across buyers, sellers, shippers, and everyone in between.
BuildDirect is headquartered in Vancouver, British Columbia with warehouse locations across North America. For more information:
Affirm offers services that empower consumers to advance their financial well-being. Our goal is to revolutionize the banking industry to be more accountable and accessible to consumers. Today, Affirm shoppers get the flexibility to buy now and make simple monthly payments for their purchases. Unlike payment options that have compounding interest and unexpected costs, Affirm shows customers upfront exactly what they’ll owe — with no hidden fees and no surprises. Affirm also reaches a broader population of consumers through advanced technology and analytics that look beyond traditional FICO scores. These features increase customer satisfaction over other options.
Katie Kernahan / Madeleine Davidson
(778) 331-1088 / (778) 331-1096