ChargeAfter

ChargeAfter operates a marketplace where consumers receive access to point-of-sale financing from multiple lenders. ChargeAfter’s financing can range between 6-48 months at 0% interest. The platform’s merchant footprint includes US retailers across the home appliances, furniture, mattresses, consumer electronics, and automotive verticals. In addition, ChargeAfter offers performance reporting and backend services for merchants to offer self-branded BNPL solutions. The company also integrates with major e-commerce platforms such as Shopify, WooCommerce, BigCommerce, and Magento. ChargeAfter reports an 85% approval rate and claims that merchants can increase average order values by 45% and sales by 30% using its platform.

Key customers and partnerships

In April 2021, ChargeAfter established a partnership with Quadpay (owned by Zip Co), in which it will offer the latter’s BNPL solutions its platform. In June 2021, it announced a similar partnership with the BNPL provider Splitit. I In April 2023, ChargeAfter announced its partnership with Canadian Buy Now Pay Later (BNPL) provider Tabit to expand its network of merchants in Canada.

Previous partnerships include that with Visa (July 2020), to roll out its installment plan solution through ChargeAfter’s US platform, while ChargeAfter integration with Cybersource, Visa’s global payment management platform. ChargeAfter also partnered with Visa in February 2020, granting their network of sellers, acquirers and issuing banks the option of distributing point of sale financing and credit instruments to ecommerce and instore sellers globally via the ChargeAfter platform.

2) MUFG (June 2020), to equip global ecommerce and brick-and-mortar retailers with tools to approve more applications for POS financing from multiple lenders in real-time.

Funding and financials

In its most recent funding round ( March 2022 ), ChargeAfter raised USD 44 million in a Series B funding round led by The Phoenix.