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The results

AMC Furniture saw an immediate impact after utilising alternative ways to pay, resulting in:

 

High approval rates

Due to Zopa’s broader consumer appetite, we delivered a 73% approval rate.

 

Increased AOV

We drove a higher basket value, increasing this by 43%.

 

Increased sales
revenue

By utilising retail finance, AMC saw its conversion rates increase by 24%.

 

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We wanted to support our customers through the cost of living crisis, as well as offer them a chance to buy more of our high-quality items affordably. DivideBuy’s reputation as an ethical lender, along with the results its delivering for our business, means we’re confident they’re the right fit for the next step in our growth journey.

 

Arron Mcadams, Founder, AMC Furniture

Who is AMC Furniture?

Created to help people build a home without breaking the bank, AMC Furniture was founded 7 years ago.

 

Starting with just the founder himself, it has now grown into a thriving, successful business specialising in a wide range of high quality indoor and outdoor furniture.

 

www.amcfurniture.co.uk

The Challenge

With a growing client base and expanding product list, AMC Furniture wanted to explore new ways to support their clients through the cost of living crisis. They also wanted to increase average order values on higher-ticket items by letting customers spread the cost of purchases overtime.

 

However, they had some concerns around offering this to customers.

New to Retail Finance?
New to Retail Finance?

Approval rates

The brand was very concerned about any negative impact that being declined could have on its customers.

Average order value

It was vital that any finance offering would let customers purchase higher-ticket items.

Sales and revenue

A key driver behind offering finance was increasing sales, so the offer needed to be competitive.

The Solution

After researching various retail finance providers, AMC Furniture settled on DivideBuy’s interest free credit option. A key factor in the decision was DivideBuy’s stellar Trustpilot reviews, which reassured the company that its customers were in good hands.

 

DivideBuy’s impressive conversion tools were also a selling point for AMC Furniture – especially the Eligibility Checker tool which meant customers were being safely approved for borrowing.

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Browse finance solutions

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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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