Options-FS

About Options-FS

Options-FS offers a fintech platform that enables retailers to provide consumer loans to their customers at the point of sale. The company's core service is connecting a retailer's customer with multiple lenders to secure financing for purchases, streamlining the process for both the business and the consumer. It operates as a credit broker, meaning neither Options-FS nor the retailer lends the money directly; they facilitate the connection to the lender offering the most suitable terms.

The platform is designed for quick integration, allowing stores to offer loans at checkout in under 24 hours. Key features include integration with a panel of lenders, an E-Sign function, and the necessary brokerage license, which absolves the retailer from needing to secure their own. Salespeople at the retail location operate as agents under the Options-FS license. By submitting a single request through the platform, customers can receive offers from multiple lenders within seconds.

The business model benefits retailers by helping to boost sales conversion rates and average order values. Additionally, retailers earn a commission on the mediated loans, creating a new revenue stream. The service is utilized across various sectors, including traditional retail, healthcare, travel, and other service-based industries, to make higher-cost products and services more accessible to customers through manageable payment plans. Loan amounts can go up to EUR 20,000, with the final approved amount depending on the individual customer's financial profile as assessed by the lenders.