A comparison-at-checkout retail finance provider, has announced a period of rapid acceleration, with a 50% month-on-month surge as major retailers embrace its multi-lender comparison approach.
Retailers switch to the multi-lender retail finance
Built on extensive POS and BNPL experience, Dopple was born from five years of direct merchant feedback around the pleasures and pain points of retail finance.
The platform integrates multiple major lenders including Omni Capital Retail Finance, with other leading players onboarding.
Its lending options range from 30 days to 120 months and customers can filter and compare results like Lowest Monthly Payment, Lowest Interest, Shortest Loan Term and Lowest Payable Now, giving merchants and consumers, from prime through to near prime, the power of choice at checkout.
Dopple does this with one application to access a whole panel of lenders with multiple chances for approval.
Customers get results in seconds and can filter and compare them to find the offer that’s best for them.
The worlds of insurance, utilities, banking and travel have all been transformed by comparison sites and now Dopple brings this to retail finance.
In October Dopple saw a 51% surge in completed finance applications and a 46% boost in top-of-funnel customer interest, unlocking opportunities for merchants in sectors that have previously been overlooked.
“My experience in the retail finance market, has given me an invaluable insight into the pain points faced by merchants when implementing retail finance solutions,” explains Kurt Shinner, Managing Director, Dopple.
“We heard time and time again the frustrations around limited lending terms, high abandonment rates from declined credit applications and a lack of a truly seamless multi-lender experience. Our platform empowers both merchants and consumers to really take control of their finance options.”
Research conducted by the business across 2,000 UK consumers, found that 72% would abandon their cart when declined for finance as is often the way with a single lender approach.
Simply put, multiple chances for finance approval, mean increased acceptance rates and more baskets being checked out.
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