Multi-lender finance provider Deko has announced a partnership with Shire Leasing, integrating the Click2Finance solution into its e-commerce platform. This development allows B2B equipment suppliers to offer leasing options at checkout, expanding payment methods and streamlining the process for merchants.
Shire Leasing is the first B2B finance lender to be incorporated into Deko’s platform, providing a seamless leasing option for businesses. Click2Finance enables eligible businesses to lease equipment at checkout, offering a flexible alternative to outright purchase. A full application can be completed within 15 minutes, allowing businesses to spread costs over two to five years, as opposed to the typical shorter credit terms.
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In 2023, nearly £40 billion in asset finance was processed in the UK, according to the Finance & Leasing Association. This partnership makes it easier for B2B equipment suppliers to offer flexible finance solutions and meet the growing demand for leasing options.
Dugan Heaton, Deko’s Commercial Director, expressed enthusiasm for the partnership, emphasising Shire Leasing’s focus on underserved markets and a seamless customer experience, aligning well with Deko’s platform.
The partnership between Deko and Shire Leasing marks a shift in B2B e-commerce, allowing equipment suppliers to integrate leasing options easily, boosting sales conversions and meeting the demand for flexible financing.
Mark Picken, CEO of Shire Leasing, highlighted the importance of adapting the streamlined B2C e-commerce experience for the B2B market. He praised the partnership for helping businesses access affordable finance options and increasing online sales conversions for equipment vendors.
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