Fintech firm Affirm, which goals to supply a extra versatile and clear approach to make digital funds, revealed on August 26, 2020 that it has teamed up with David’s Bridal, a US-based bridal and special day authority.
Affirm and David’s Bridal are permitting certified or eligible clients to pay for his or her “once-in-a-lifetime” robes over a time frame, with easy month-to-month funds and no hidden expenses or late charges.
The typical American marriage ceremony prices round $34,000, in line with Rustic Marriage ceremony Stylish. It may be hectic for individuals to plan their weddings as a result of excessive prices. Realizing this, David’s Bridal goals to supply an answer to assist brides store with out having to make a compromise.
As talked about in a launch shared with CI:
“Paying with Affirm at David’s Bridal is transparent, flexible, and straightforward. A customer simply selects Affirm as a payment method at checkout, making it a natural part of a customer’s shopping experience. Right now, qualified brides will be able to split the cost of their purchase over three or six months with no interest or late fees, for any purchase over $100. For example, a $200 dress might cost $67/mo over three months at 0% APR.”
Kelly Cook dinner, Chief Advertising and marketing and IT Officer at David’s Bridal, mentioned that the corporate likes to discuss with itself as “stress-free devotees.” The corporate goals to make the purchasing expertise extra satisfying and simpler for all its clients. Cook dinner famous that her firm’s partnership with Fintech firm Affirm will help a contemporary fee possibility that “grants more flexibility and multiple ways to shop for a once-in-a-lifetime dress without settling.”
Silvija Martincevic, CMO at Affirm, acknowledged that beginning right now (August 26), clients who pay with Affirm will be capable of select the fee schedule that they like which ought to make it “easier than ever to say yes.”
David’s Bridal has now joined Affirm’s community of greater than 6,000 retail companions and is notably one of many largest US bridal retailers to supply Affirm to its clients at checkout. Affirm is presently accessible on David’s Bridal official web site and shall be accessible in any respect 300+ of its shops within the coming months.
As reported in late July 2020, San Francisco based mostly Fintech Affirm was reportedly planning an IPO at a $10 billion valuation.
Affirm has additionally introduced a collaboration with Design Inside Attain to permit customers to pay-over-time for contemporary furnishings and decor. The corporate lately teamed up with Shopify to supply Purchase Now, Pay Later installment plans for retailers.