This company provides a Save Now Buy Later (SNBL) payment solution that allows customers to budget for purchases through interest-free installment savings plans. SNBL helps merchants convert browsers into spenders by offering a debt-free purchasing option that increases customer commitment and revenue predictability. The platform integrates directly into e-commerce checkouts, securing sales while fostering customer loyalty through planned transactions.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many potential customers are unable to complete purchases due to immediate liquidity constraints or a preference to avoid debt-based financing. This results in lost sales opportunities and limits a business's ability to expand its customer base and increase average order value.
Solution
Twig Finance offers a Save Now Buy Later (SNBL) payment solution that enables businesses to convert browsers into spenders by allowing customers to save for purchases over time. This interest-free, debt-free option facilitates customer acquisition and increases average order value by enabling purchases that might otherwise be deferred. By integrating seamlessly into e-commerce platforms, Twig Finance provides businesses with predictable revenue streams and a stronger customer engagement model. The platform allows customers to set up savings plans with installments, with funds held until the full amount is collected, after which the customer can finalize their purchase.
Target Audience
E-commerce businesses seeking to increase sales conversion rates, expand their customer base, and enhance customer engagement through alternative payment solutions.
Features
- Save Now Buy Later (SNBL) payment method for e-commerce platforms.
- Interest-free and debt-free financing option for consumers.
- Facilitates customer savings through installment plans.
- Direct payment processing to the business account, installment by installment.
- Seamless integration with major e-commerce platforms via API and plug-and-play widgets.
- Designed to increase average order value and customer loyalty.
- Provides businesses with predictable revenue forecasting.