FlexShopper Partners with Aftermarket Auto Parts Alliance to Revolutionize Automotive Care Financing
FlexShopper (Nasdaq: FPAY) has announced a strategic partnership with the Aftermarket Auto Parts Alliance, expanding its payment solutions to over 3,700 new retail locations across North America. This collaboration, supported by PayTomorrow's financing technology, brings FlexShopper's lease-to-own payment options to Auto Value and Bumper to Bumper branded stores. The partnership has helped FlexShopper increase its total location count to 7,800, representing a 246% growth since early 2024. The initiative aims to make automotive repairs and parts more accessible through flexible payment options for customers while supporting independent automotive shops.
FlexShopper (Nasdaq: FPAY) ha annunciato una partnership strategica con l'Aftermarket Auto Parts Alliance, ampliando le sue soluzioni di pagamento a oltre 3.700 nuovi punti vendita in Nord America. Questa collaborazione, supportata dalla tecnologia di finanziamento di PayTomorrow, porta le opzioni di pagamento in leasing ai negozi a marchio Auto Value e Bumper to Bumper. La partnership ha aiutato FlexShopper ad aumentare il numero totale di posizioni a 7.800, rappresentando una crescita del 246% rispetto all'inizio del 2024. L'iniziativa mira a rendere le riparazioni e i pezzi automotive più accessibili attraverso opzioni di pagamento flessibili per i clienti, sostenendo al contempo le officine indipendenti.
FlexShopper (Nasdaq: FPAY) ha anunciado una alianza estratégica con la Aftermarket Auto Parts Alliance, expandiendo sus soluciones de pago a más de 3,700 nuevos puntos de venta en América del Norte. Esta colaboración, apoyada por la tecnología de financiación de PayTomorrow, lleva las opciones de pago de arrendamiento a los establecimientos de marca Auto Value y Bumper to Bumper. La asociación ha ayudado a FlexShopper a aumentar su recuento total de ubicaciones a 7,800, lo que representa un crecimiento del 246% desde principios de 2024. La iniciativa tiene como objetivo hacer que las reparaciones automotrices y las piezas sean más accesibles a través de opciones de pago flexibles para los clientes, al mismo tiempo que apoya a los talleres automotrices independientes.
플렉스샵퍼 (Nasdaq: FPAY)는 애프터마켓 오토 파츠 얼라이언스와의 전략적 파트너십을 발표하며, 북미 전역의 3,700개 이상의 새로운 소매 매장에 결제 솔루션을 확장합니다. 이 협력은 페이투모로우의 금융 기술에 의해 지원되며, 플렉스샵퍼의 임대 소유 결제 옵션을 오토 밸류와 범퍼 투 범퍼 브랜드 스토어로 제공합니다. 이 파트너십은 플렉스샵퍼의 총 매장 수를 7,800개로 증가시키는 데 도움을 주었으며, 이는 2024년 초부터 246%의 성장을 나타냅니다. 이 이니셔티브는 고객들이 유연한 결제 옵션을 통해 자동차 수리 및 부품을 더 쉽게 이용할 수 있도록 하며, 독립 자동차 수리점도 지원하는 것을 목표로 하고 있습니다.
FlexShopper (Nasdaq: FPAY) a annoncé un partenariat stratégique avec l'Aftermarket Auto Parts Alliance, étendant ses solutions de paiement à plus de 3 700 nouveaux points de vente en Amérique du Nord. Cette collaboration, soutenue par la technologie de financement de PayTomorrow, permet d'apporter les options de paiement en location-achat aux magasins de la marque Auto Value et Bumper to Bumper. Ce partenariat a aidé FlexShopper à augmenter son nombre total de points de vente à 7 800, représentant une croissance de 246% depuis début 2024. L'initiative vise à rendre les réparations et les pièces automobiles plus accessibles grâce à des options de paiement flexibles pour les clients, tout en soutenant les ateliers automobiles indépendants.
FlexShopper (Nasdaq: FPAY) hat eine strategische Partnerschaft mit der Aftermarket Auto Parts Alliance angekündigt und erweitert damit seine Zahlungslösungen auf über 3.700 neue Verkaufsstellen in Nordamerika. Diese Zusammenarbeit, unterstützt durch die Finanzierungstechnologie von PayTomorrow, bringt die Mietkauf-Zahlungsoptionen zu den Geschäften der Marken Auto Value und Bumper to Bumper. Die Partnerschaft hat FlexShopper geholfen, die Gesamtanzahl der Standorte auf 7.800 zu erhöhen, was einem Wachstum von 246% seit Anfang 2024 entspricht. Ziel der Initiative ist es, Autoreparaturen und -teile durch flexible Zahlungsoptionen für Kunden zugänglicher zu machen und gleichzeitig unabhängige Autowerkstätten zu unterstützen.
- Expanded presence to 7,800 locations, marking 246% growth since early 2024
- Strategic partnership adds 3,700 new retail locations
- Strong pipeline of potential retail partners indicating future growth opportunities
- None.
Insights
This strategic partnership marks a significant expansion for FlexShopper, with their payment solutions now reaching over 7,800 locations, representing a remarkable
The partnership targets the lucrative automotive repair market, where high-cost repairs often create financing needs. By offering lease-to-own payment solutions, FlexShopper can capture revenue from both the financing spread and potential partnership fees. For a small-cap company with a market cap of
The collaboration with PayTomorrow for financing technology suggests a scalable, tech-enabled approach that could reduce operational overhead while expanding service capabilities. The strong pipeline of potential retail partners mentioned by the CEO indicates possible continued expansion, which could drive further growth in transaction volume and revenue.
Partnership with the Aftermarket Auto Parts Alliance brings FlexShopper’s proven and flexible payment solutions to more than 3,700 new retail locations
Aftermarket Auto Parts Alliance is an independent network of service repair shops, including the Auto Value and Bumper to Bumper brands
BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), a prominent national online lease-to-own retailer and payment solutions provider, is proud to announce a strategic partnership with the Aftermarket Auto Parts Alliance, a large and growing collection of more than 3,700 independent distributors, auto parts stores, and professional service repair shop locations across North America. With today’s announcement, FlexShopper has expanded its payment solutions to over 7,800 locations representing a
This partnership, supported in collaboration with PayTomorrow and their innovative financing technology, aims to empower customers by providing accessible payment options for automotive repairs and parts. The Aftermarket Auto Parts Alliance includes the Auto Value and Bumper to Bumper brands and boasts a vast network of over 3,700 locations, operated by independent business owners dedicated to delivering automotive diagnostic and service excellence. This collaboration seeks to enhance the payment capabilities of this extensive network of locations, helping consumers manage the costs of automotive care.
“We’re thrilled to partner with the Aftermarket Auto Parts Alliance, an organization that shares our dedication to quality service and customer satisfaction,” said Russ Heiser, CEO at FlexShopper. “By integrating our lease-to-own payment solutions into the over 3,700 member locations of the Aftermarket Auto Parts Alliance, we’re not just making automotive care more affordable; we’re enabling independent automotive shops to thrive in today’s competitive landscape.”
Mr. Heiser continued, “More companies are looking to partner with FlexShopper, as retailers recognize the value of our unique payment solutions. I am excited to share that we’ve already exceeded our goal of doubling our partner retail locations this year - achieving a remarkable
Auto Value and Bumper to Bumper are leading names in the automotive aftermarket industry with extensive networks of independently owned and operated auto parts stores and automotive service centers across North America.
FlexShopper’s innovative financing solutions allow customers to make manageable payments that fit customers’ individual needs while ensuring they have access to essential parts for their vehicles. This partnership will enable Aftermarket Auto Parts Alliance member locations to offer a greater number of flexible financing options, helping customers who may be facing financial constraints to receive timely repairs and maintenance.
Together, FlexShopper and the Aftermarket Auto Parts Alliance are set to transform the automotive repair landscape by making essential products more accessible to everyone.
For more information about the partnership and how it benefits consumers and repair shops alike, please contact sales@flexshopper.com.
About FlexShopper
FlexShopper, Inc. is a leading national financial technology company that offers innovative payment options to consumers. FlexShopper provides a variety of flexible funding options for underserved consumers through its direct-to-consumer online marketplace at Flexshopper.com and in partnership with merchants both online and at brick-and-mortar locations. FlexShopper’s solutions are crafted to meet the needs of a wide range of consumer segments through lease-to-own and lending products.
About Aftermarket Auto Parts Alliance
The Aftermarket Auto Parts Alliance is a united group of independent distributors, auto parts stores, and professional service repair shop locations across North America. With a deep understanding of the automotive industry, they are dedicated to providing quality parts and expert service for vehicles of all makes and models. Their network includes over 3,700 Alliance Certified Service Centers committed to automotive diagnostic and service excellence.
About PayTomorrow
PayTomorrow is a trusted financial waterfall provider enabling businesses, both in-store and online, to provide consumers with multiple financing and flexible payment solutions through a single application at the point of sale. PayTomorrow’s unique technology aligns lenders with customers, ensuring customers receive the best available offer based on that specific customer’s credit profile, helping customers access financing and helping merchants maximize sales. PayTomorrow integrates into most off-the-shelf eCommerce platforms, custom platforms/shopping carts, in-store POS systems and standalone applications.
FAQ
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