LendPro, Zibby announce new partnership

Press Release, July 13, 2017

This press release is submitted and shown here in its original form, unedited by Furniture Today.

Charlottesville, Virginia – July 13, 2017 – LendPro and Zibby are excited to announce a new partnership to provide Zibby’s innovative lease purchase program as a part of the LendPro Consumer Financing System. This partnership marries Zibby’s advanced underwriting technologies with LendPro’s simple, fast, and secure platform. The need to integrate became very apparent from retailers at the last Nationwide Marketing Group (NMG) PrimeTime event. The two companies have formed a partnership not only for NMG members, but for retailers across the country looking to provide a fast and easy lease payment option for nonprime customers as a part of a waterfall application process.

Fred Knops, CEO for LendPro, stated, “LendPro is very excited to add Zibby to our growing stable of lending partners. Zibby was recommended to us by one of our most important customers, and it’s important to us that we work ever more closely with our customers to find new and groundbreaking lenders to work with. Zibby certainly fits that description.”

“Our partnership with Lendpro is an important step for Zibby in our mission to grow access and reduce the cost of financing to non-prime customers at the point of sale” said Zibby CEO Brandon Wright. “We’ve worked very hard to create a prime experience for our non-prime customers, and Lendpro is a great example of terrific user experience for every customer in the credit stack.”

About Zibby: Zibby, a Cognical company is a consumer leasing platform for online, brick and mortar and omnichannel retailers. Customers can apply in 30 seconds in-store or via the Zibby button on a retailer’s website and be approved for $300 to $3,500. Zibby increases retailer sales by providing a fast and easy lease payment option for nonprime consumers seeking to acquire furniture, appliances, electronics, and other consumer durables. Zibby was founded at Cornell University and is based in New York City.

About LendPro: LendPro LLC offers cloud-based Software-as-a-Service (SaaS) products and platforms that enable retailers to offer their consumers retail financing, provided by LendPro's many lender partners, whether they are in the store, at home, or on the move. LendPro's platforms offer these retailers the unique and valuable ability to serve the full range of consumer credit profiles through one simple, easy, and secure interface. With LendPro SaaS in place, retailers quickly, privately, and efficiently approve consumers for finance programs, often in seconds.

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