Increase sales and customer retention
Flexepp allows your customers to pay for services in installments while reducing costs, complexity and risk of non payment.
What’s so great about Buy Now, Pay Later (BNPL)?
Increased Sales & Retention
Offering payment plans helps merchants attract new and loyal customers, resulting in increased sales , bigger basket sizes (typically +30%), and more profits.
BNPL allows for a shift to subscription revenue, especailly for service providers, making customer retention easier and ongoing.
Increased Affordability
BNPL offers a convenient way to pay for purchases, without the need for a credit card or a long-term loan. Customers can simply spread the cost of their purchase over a few installments, making it more affordable.
Interest-Free
Customers love that BNPL plans are interest-free, with no fees or hidden costs.
What makes Flexepp unique?
Credit Assessment and Real-Time monitoring
At it’s core is Flexepp’s credit rating model. The best way to evaluate credit is a multi step process:
- Establish incoming future cash flows (salaries, dividends, cash on hand, rental income)
- Establish upcoming payment obligations (Credit Cards, Loans).
When customers complete their Flexepp profile they get a personalized “credit limit” to ensure that payment obligations will not exceed future cash flows.
Payment Processing & Monitoring
Our platform tracks and seemlessly processes payments from customers making sales installment collecton hassle free.
We monitor the changes in credit qualify of customers in real time and update your portfolio reporting and recommend provisioning levels in line with IFRS9/GAAP so that reserves can be kept aside and your business never gets in trouble from delays in payments from customers.
Collections
Flexepp will take recovery action on defaults including notices and legal action (at additional cost)
What we do
Flexepp increase sales for merchants, affordability for buyers and enhances trust between the two. We do this by enabling sellers to accept payments over installments, seamlessly collecting payments, all while giving comfort to merchants that the credit risk of buyers is evaluated and losses from non-payment will be minimized.
Frequently Asked Questions (FAQs)
Have you started yet?
Flexepp is still a work in progress and has not yet started operating. If you are interested in working with an early stage company and making the future a reality, please sign up below for our early access program.
Where will you operate?
We intend to start operating in Bahrain followed shortly by the UAE.
Are you regulated?
We intend to be fully regulated by the competant authorities in any juridiction we operate in, namely the Central Bank of Bahrain, Dubai Financial Services Authority or Central Bank of the UAE (as required by law).