Fintech Friday – humm – giving customers buying flexibility
30/10/2020
Perspective
Rebecca James, flexigroup CEO, spoke with Efma’s Boris Plantier about the ways humm is transforming online shopping in Australia, New Zealand, and Ireland.
What led to the creation of humm?
humm was created out of a desire to revolutionize the way people live, shop, and budget. By spanning purchases from $1 through to $30,000, humm enables customers to purchase goods and services across every lifestyle need, whether that be dentistry or diamonds, cameras or couches through to fashion and fertility, all in interest-free budget friendly installments. humm makes little and big purchases more affordable.
Could you present flexigroup’s offer?
With leading offerings in Buy Now Pay Later (BNPL), revolving credit and SME finance, flexigroup serves a broad footprint, spanning millennial spenders through to young families and SME’s in Australia, New Zealand and Ireland.
humm finances everything from the little luxuries to some of life’s most significant purchases of up to $30,000 in Australia and $10,000 in New Zealand completely interest free, extending the BNPL category to cover home renovation, dental, optical, solar panels, major furniture expenses and even fertility services.
For everyday essentials, bundll offers interest free spending in categories normally reserved for debit cards, such as petrol, coffee and groceries. Using the Mastercard network, bundll customers can “Buy Now. Pay Later. Everywhere” with no minimum spend. All weekly purchases are bundled into one amount – customers have no less than two weeks to pay their bundll or can choose to ‘snooze’ to delay payment by a further two weeks.
As COVID-19 accelerates the shift to online shopping and consumers become more comfortable making larger purchases online, both humm and our long-term interest free instalment product, humm90 have become more relevant and are well-placed to capture this growing customer base.
What's coming next?
Prior to Christmas, we will launch hummPRO in Australia and New Zealand – the first interest free installment product built for business.
hummPRO will deliver SMEs fast and frictionless access to finance via swift online approvals and a digital wallet with revolving credit.
humm was created out of a desire to revolutionize the way people live, shop, and budget. By spanning purchases from $1 through to $30,000, humm enables customers to purchase goods and services across every lifestyle need, whether that be dentistry or diamonds, cameras or couches through to fashion and fertility, all in interest-free budget friendly installments. humm makes little and big purchases more affordable.
Could you present flexigroup’s offer?
With leading offerings in Buy Now Pay Later (BNPL), revolving credit and SME finance, flexigroup serves a broad footprint, spanning millennial spenders through to young families and SME’s in Australia, New Zealand and Ireland.
humm finances everything from the little luxuries to some of life’s most significant purchases of up to $30,000 in Australia and $10,000 in New Zealand completely interest free, extending the BNPL category to cover home renovation, dental, optical, solar panels, major furniture expenses and even fertility services.
For everyday essentials, bundll offers interest free spending in categories normally reserved for debit cards, such as petrol, coffee and groceries. Using the Mastercard network, bundll customers can “Buy Now. Pay Later. Everywhere” with no minimum spend. All weekly purchases are bundled into one amount – customers have no less than two weeks to pay their bundll or can choose to ‘snooze’ to delay payment by a further two weeks.
As COVID-19 accelerates the shift to online shopping and consumers become more comfortable making larger purchases online, both humm and our long-term interest free instalment product, humm90 have become more relevant and are well-placed to capture this growing customer base.
What's coming next?
Prior to Christmas, we will launch hummPRO in Australia and New Zealand – the first interest free installment product built for business.
hummPRO will deliver SMEs fast and frictionless access to finance via swift online approvals and a digital wallet with revolving credit.
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