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Momnt Partners with ChargeAfter to Expand Home Improvement Financing Options
Slice of Finance Team
26 Feb
Key Highlights:
Momnt joins ChargeAfter’s embedded lending platform, expanding financing options for home improvement contractors.
Contractors benefit from increased approval rates and enhanced customer satisfaction.
ChargeAfter’s waterfall technology matches customers with the best-fit financing option in real-time.
Seamless user experience ensures a secure, efficient financing process for both contractors and homeowners.
Homeowners can view financing options without impacting their credit scores.
Source: Business Wire
Notable Quotes:
“This partnership with ChargeAfter is a significant step in enhancing the financing options available to home improvement contractors. By integrating with ChargeAfter's platform, we can provide contractors access to a wider range of competitive financing options, ultimately driving higher conversion rates and increased sales.”
“We are thrilled to welcome Momnt to our network, further expanding financing opportunities for home improvement contractors and their customers. This partnership will enable merchants to offer competitive prime lending solutions, making home improvement projects more accessible for homeowners.”
Why This Matters:
The partnership between Momnt and ChargeAfter addresses a critical need in the home improvement industry: accessible and flexible financing solutions. By integrating Momnt’s lending technology into ChargeAfter’s embedded platform, contractors can offer personalized financing options that cater to diverse customer credit profiles. This streamlined, real-time financing approach not only improves approval rates but also enhances the overall home improvement purchasing experience, making home renovations more accessible and affordable for homeowners.