PollenPay, a UK-based Buy Now Pay Later (BNPL) company is set to launch.
The rise of BNPL companies has been one of the biggest fintech trends of recent times, but many of the businesses currently operating in the sector find themselves under increasing pressure to instil greater financial responsibility amongst their customer bases.
Now, PollenPay, a BNPL business from Manchester aims to do this. The new startup is dedicated to ensuring that its customers have greater management of their cashflow and will enact stringent measures to properly safeguard those who use its service.
The company operates with a simple model, offering customers interest-free instalment plans on purchases over multiple instalments by charging retailers a small fee. As such, the new service is free to customers who pay on time, with no interest charges or hidden fees. transparency.
For boutique businesses, PollenPay offers immediate payment, helping to greatly reduce the time spent waiting for money to clear into accounts and enabling much greater cashflow management. As such, the service offers businesses a far more efficient option when compared to other BNPL platforms.
The new platform has already attracted several notable retailers who will offer its service as a payment option from its first day of launch, which is expected before the end of 2021.
Spearheading this exciting startup are the founders and CEO, Leon Wilson, Brian Teo and Steven Hilton. They first developed an interest in innovative technologies related to the payments space while living in Australia. During this time, they witnessed the initial BNPL boom first-hand and began plans to refine and adapt the concept to better fit the UK market.
Speaking on PollenPay’s launch plans, founder and CEO, Leon Wilson commented: “Customers shouldn’t fear the thought of making payments and retailers shouldn’t worry about receiving money in a timely manner. I’ve watched these issues affect British businesses and consumers for far too long and decided a change needed to be made. That’s why I’ve developed PollenPay, which I’m proud to launch very soon.
“Our platform is helping to give individuals and businesses greater control over their finances and facilitating BNPL purchases more efficiently than ever before.”
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