NEW YORK, March 19, 2024 /PRNewswire/ -- Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced a new merchant partnership with BrandSource. BrandSource is a leading member-owned buying organization for more than 4,500 independent appliance, home furnishings and consumer tech retailers in the U.S. and Canada.
Key Points:
- NEW YORK, March 19, 2024 /PRNewswire/ -- Kafene , a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced a new merchant partnership with BrandSource.
- BrandSource is a leading member-owned buying organization for more than 4,500 independent appliance, home furnishings and consumer tech retailers in the U.S. and Canada.
- Starting this month, Kafene is now available to all BrandSource members, helping them drive revenue and market share by offering flexible, affordable LTO financing to increase consumer spending power.
- "This partnership is a win-win for BrandSource retailers and our customers," said Chad Evans, VP of Merchandising, BrandSource.
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Wednesday, March 13, 2024
NEW YORK, March 13, 2024 /PRNewswire/ -- Kafene, a fintech startup that offers flexible purchase options through lease-to-own ("LTO") agreements, is pleased to announce its recognition as one of Forbes' Best Startup Employers of 2024. This marks Kafene's second consecutive year being included on the prestigious list.
Key Points:
- NEW YORK, March 13, 2024 /PRNewswire/ -- Kafene , a fintech startup that offers flexible purchase options through lease-to-own ("LTO") agreements, is pleased to announce its recognition as one of Forbes' Best Startup Employers of 2024.
- Forbes' America's Best Startup Employers list, compiled in conjunction with Statista Inc., recognizes the top 500 startups displaying excellence across employer reputation, employee satisfaction, and growth.
- Since its founding in 2019, Kafene has facilitated over $150 million in incremental sales for its 2,000+ retail partners.
- This year's Best Startup Employers list is the fifth such ranking from Forbes and Statista, identifying the best performing and most innovative startup employers.
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Tuesday, February 6, 2024
Leg,
Growth,
Marketing,
Senior,
General counsel,
Bachelor,
Troutman Pepper,
Mercer University,
Corporation,
Wayfair,
Entrepreneurship,
Business development,
Raymour & Flanigan,
Sale,
Sherwin-Williams,
University NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced the appointments of Vin Thomas as General Counsel & Corporate Secretary and Tony Cerino as Senior Vice President of Partnerships.
Key Points:
- Thomas will build and lead Kafene's legal and compliance function, and Cerino will scale the company's enterprise sales team as Kafene increasingly seeks to partner with America's best-known retailers.
- Before Troutman, Thomas was the General Counsel & Corporate Secretary for PROG Group Holdings, a large lease-to-own provider.
- Thomas previously was General Counsel & Corporate Secretary for TitleMax, one of the largest retail consumer lenders in the Southeast.
- "We are thrilled to welcome Tony and Vin to the Kafene team," said Neal Desai, Co-Founder and Chief Executive Officer, Kafene.
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Tuesday, December 5, 2023
NEW YORK, Dec. 5, 2023 /PRNewswire/ -- Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced a partnership and integration with Versatile Credit ("Versatile") the leading provider of software connecting merchants, lenders, and consumers to facilitate loans at point-of-sale and beyond.
Key Points:
- Kafene joins Versatile's financing partner network, scaling access to Kafene's tiered pricing model that offers competitive lease pricing for Versatile's retailers.
- The partnership is an integration, where Kafene becomes part of Versatile's network of preferred partners that serve Versatile's merchant partners and offer options for customers spanning the credit score continuum.
- "Kafene's partnership with Versatile and its vast, omni-channel technology platform marks a significant step forward in our growth trajectory," said Tony Cerino, Senior Vice President of Partnerships at Kafene.
- Kafene brings tailored solutions through its innovative tier pricing model that we believe is a great benefit to these consumers."
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Tuesday, November 7, 2023
NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced a significant merchant partnership with Furniture Marketing Group ("FMG"). FMG is a furniture networking and buying group comprised of market-leading home furnishing retailers throughout North America, with nearly 1,000 storefronts and approximately $5 billion in collective annual sales.
Key Points:
- Kafene adds to FMG's preferred list of lease-to-own partners serving nearly 1,000 storefronts nationally with proprietary risk-based and tiered pricing programs.
- NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Kafene , a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced a significant merchant partnership with Furniture Marketing Group ("FMG").
- FMG is a furniture networking and buying group comprised of market-leading home furnishing retailers throughout North America, with nearly 1,000 storefronts and approximately $5 billion in collective annual sales.
- This marks a significant step forward in our growth trajectory," said Tony Cerino, Senior Vice President of Partnerships at Kafene.
This brings Kafene's Series B total to nearly $31 million.
Key Points:
- This brings Kafene's Series B total to nearly $31 million.
- Kafene had previously announced its initial $18 million Series B fundraise in September 2022.
- "When we announced our initial Series B, we were confident in our ability to underwrite a consumer whose conditions are inherently recessionary.
- Kafene focuses on the largest unmet needs in big ticket categories such as furniture, appliances, electronics, tires and other durable goods.
Science,
Gerson Lehrman Group,
Partnership,
Earnest,
History,
GLG,
Latin honors,
Vanderbilt University,
Sale,
Entrepreneurship,
Executive Committee,
Bridgewater Associates,
Growth,
Economics NEW YORK, June 13, 2023 /PRNewswire/ -- Kafene, a point-of-sale financing platform that helps offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, today announced that Jonathan Kurzner has been named the company's first Chief Revenue Officer.
Key Points:
- NEW YORK, June 13, 2023 /PRNewswire/ -- Kafene, a point-of-sale financing platform that helps offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, today announced that Jonathan Kurzner has been named the company's first Chief Revenue Officer.
- Jonathan most recently served as Chief Revenue Officer for Cint – a global software leader providing digital insights and media measurement solutions – presiding over the company's $300 million commercial business and sitting on the company's Executive Committee.
- Prior to Cint, Jonathan held a variety of roles over four years with Earnest Research, culminating in his leading revenue and sales for Earnest's financial services clients.
- "I'm incredibly excited to join Kafene, which addresses the clear and growing need for better forms of consumer financing in an innovative, affordable, and frictionless product that offers a rare win-win in business," said Jonathan Kurzner, Chief Revenue Officer, Kafene.
NEW YORK, March 7, 2023 /PRNewswire/ -- Kafene , a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, is honored to announce its inclusion as one of Forbes ' "Best Startup Employers" of 2023.
Key Points:
- NEW YORK, March 7, 2023 /PRNewswire/ -- Kafene , a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, is honored to announce its inclusion as one of Forbes ' "Best Startup Employers" of 2023.
- Kafene placed 251 on Forbes' list done in conjunction with Statista Inc. ranking the 500 best growing companies displaying excellence across employer reputation, employee satisfaction, and headcount growth.
- The Best Startup Employers list is the fourth such ranking done between Forbes and Statista, examining the best performing startups and identifying the most innovative and best startups to work for.
- Notably, Kafene was also recently honored as one of Built In's " Best Startups to Work For " in New York City as part of Built In's 2023 Best Places to Work .
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Wednesday, February 15, 2023
NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Kafene , a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, is pleased to announce its inclusion as one of New York City's " Best Startups to Work For " as part of Built In's 2023 Best Places to Work .
Key Points:
- NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Kafene , a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, is pleased to announce its inclusion as one of New York City's " Best Startups to Work For " as part of Built In's 2023 Best Places to Work .
- The company today employs nearly 100 people with a robust merchant partnership pipeline.
- Built In's Best Places to Work recognizes the tech companies that offer the best total rewards and compensation programs among their peers.
- Our team is fully bought into helping merchants grow their customer bases while offering affordable financing to an underserved customer.
Retrieved on:
Wednesday, November 30, 2022
General counsel,
Decentralized finance,
New Jersey Institute of Technology,
Environment,
Awan,
Blockchain,
Electronics,
Wardwell,
DailyPay,
University,
Machine learning,
Acima,
Preeti,
Rent-A-Center,
Science and technology in Asia,
Computer science,
Brooklyn Law School,
Davis Polk & Wardwell,
Business operations,
Sale,
SVP,
Magic Circle (law firms),
Private practice,
Georgetown University,
Sales,
Management Awan brings to bear a robust legal and financial services background along with experience in scaling early-stage fintech companies.
Key Points:
- Awan brings to bear a robust legal and financial services background along with experience in scaling early-stage fintech companies.
- Awan previously held senior-level roles at various fintech companies and also worked in private practice where he focused on complex commercial matters.
- "It's an exciting time at Kafene as we welcome several new members onto our executive leadership team whose experience and vision will each serve as a force multiplier for us," said Neal Desai, Chief Executive Officer, Kafene.
- To learn more about Kafene please visit www.kafene.com , and to learn more about Kafene's commitment to customer experience and consumer protection, please visit here .
