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The results

By offering our retail finance solutions to customers, Carefree Credit saw instant results:

 

Higher revenue

The business was able to benefit from a 92% revenue increase.

 

High approval rates

We safely and responsibly approved 82% of applicants for finance.

 

Better conversion

Our finance options delivered an 11% increase in conversions.

 

Our values are firmly embedded in the principles of care and service. We are proud to offer high-quality finance options to hundreds of vets across the country. DivideBuy’s agile product suite meets the versatile needs of our partners’ wide range of customers, and we are pleased with the results that it’s delivering on our behalf.

 

Mike Aldred, CEO, Carefree Credit

Who is CareFree Credit?

CareFree Credit’s mission is to improve the quality of pets’ lives by providing simple, quick and transparent finance for veterinary care.

 

The business aims to make vets lives easier and reduce stress for pet owners with unexpected vet bills. With over 1000 different practices across the UK, CareFree Credit uses third-party finance providers to broker solutions for its vet partners to offer them as many options as possible.

 

www.carefreecredit.co.uk

The challenge

As a broker of finance solutions for vets, CareFree Credit partnered with multiple point of sale finance providers to service a range of treatments and products.

 

However, various issues surrounding how the finance solutions were performing led the business to assess its options.

Approval rates

Servicing a wide range of patients meant the business needed a provider with a broad credit appetite.

Revenue and sales

A key reason to offer finance was boosting revenue, so a provider was needed who could deliver results.

Conversion rates

The finance journey needed to be quick and simple to help turn more browsers into buyers.

The solution

DivideBuy came on board to partner with CareFree Credit, in an effort to enhance results for practices and patients.

 

Within a short period of time, results began to improve for vet practices onboarded with DivideBuy.

Book a Demo

Our credit engine is so seamless, we can demo our solution in minutes. Experience our transformative customer journey in real-time and book a slot with our experts now.

 

Please note, a minimum turnover of £5M and minimum trading period of 24 months is required to offer Zopa’s finance solutions.

 

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