B2B Buy-Now-Pay-Later (BNPL) solution Tabit has announced the launch of a new partnership with Lenovo that will see Lenovo offering their business customers Tabit’s BNPL payment method through their Tabit integration.
Vancouver’s Tabit launched one year ago and claims to be Canada’s first B2B BNPL solution offered at point-of-sale (POS).
In partnership with Tabit, Lenovo will now offer terms of up to 12 months to their business buyers, including a 30-day option at 0% interest.
Tabit and Lenovo are helping small businesses access immediate and fully automated financing at the point of sale. This will help businesses relieve cash flow pressure while benefiting from attractive payment terms and a seamless customer experience.
“Lenovo is thrilled to partner with Tabit in providing Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale”, says Carlo Savino, Lenovo Vice President eCommerce – North and Latin America.
“With the world’s widest portfolio of technology products, Lenovo can provide solutions, software, and services that small businesses can leverage to fulfill their potential – now with flexible payment options that allow businesses to invest in technology while managing their cash flow”.
In March of 2022 Tabit conducted a survey in conjunction with Angus Reid Surveys, which found that over half (53%) of Canadian small business owners would consider a financing solution at checkout where payment instalments are made over time.
“Through our partnership with Lenovo we are proud to be offering an automated financing option for businesses at the point of sale,” says David Gens, CEO of Tabit.
“These past few years have been incredibly volatile, whether it be the effects of the COVID-19 pandemic or turbulence in financial markets, and quick access to financing is paramount in helping small businesses navigate these rapidly changing environments.”