Funding
Funding not disclosed
Founders
Product
Problem
Consumers often face challenges affording purchases, while merchants seek ways to increase sales by offering flexible payment options. Traditional financing options may involve high interest rates and fees, making them less attractive for both parties.
Solution
Mild provides a point-of-sale installment loan solution that enables consumers to finance purchases over time with manageable payments. This buy now, pay later (BNPL) service allows merchants to offer flexible payment options, potentially increasing sales and customer satisfaction. Consumers can acquire desired goods and services while managing their budgets more effectively, avoiding high interest rates and fees associated with conventional credit products. Mild aims to create a seamless and affordable financing experience for both consumers and merchants.
Target Audience
Mild targets consumers seeking flexible payment options for purchases and merchants looking to increase sales by offering installment loans.
Features
- Point-of-sale installment loans for consumers
- Flexible payment options for purchases
- Integration with merchant systems to offer BNPL service
- Consumer account management via web portal
- SMS verification for account creation and login