London, New York, 19 June - Divido, the multinational white label platform for point-of-purchase lending, today announces that it has been selected by Triumph Motorcycles, to deliver point-of-purchase finance on after-sale products across the UK. Building around 60,000 bikes per year, Triumph Motorcycles is Britain’s largest motorcycle manufacturer and has over 750 dealers across the world.
Divido’s lending platform enables Triumph Motorcycles to provide consumers with the option to spread the cost of products and accessories through monthly installments. The platform will be offered across all UK Triumph Motorcycle dealerships. When purchasing, customers simply get presented with the option to pay in monthly 0% installments. The process is effortless and the decision made instantly.
“Providing a seamless customer journey is crucial to our business,” said Michael Niblett, UK After Sales Manager, at Triumph Motorcycles. “By leveraging Divido’s lending platform for point-of-purchase finance, we are able to give customers an innovative experience, along with the flexibility and power to decide how and when they’d like to pay. Not only does this help our dealers to grow their business, but it also increases value to the most important person, the customer.”
“We understand the importance of customer-centric relationships in dealerships, and that business such as Triumph Motorcycles have more important things to do than worry about the pain-points associated with point-of-purchase finance, so we’ve dealt with this for them,” said Christer Holloman, CEO and co-founder, Divido. “Divido’s lending platform will enable Triumph Motorcycles to accelerate sales, deliver high acceptance rates and low fees, all through a single integration.”
Divido’s lending platform is quick to integrate with, works in multiple markets and with multiple lenders. It is currently available in the U.S., UK, Germany, France, Spain, Italy, and the Nordics.
Divido is on track to process its first $1 billion worth of credit applications in 2019, as it realizes its vision to become the world’s largest platform for point-of-purchase finance.
About Divido
Divido is a multinational white label platform for point-of-purchase lending; enabling retailers to unlock buying power and lenders to extend a new line of credit at the point of need. Retailers offering Divido can increase sales up to 20% and average order values by 15%, whilst lenders and payment providers licensing Divido’s technology can expand their loan portfolios and grow transaction revenues. Over 1000 partners work with Divido including Triumph Motorcycles, lastminute.com, Lenovo, BNP Paribas and Mastercard.
Divido connects multiple lenders to deliver high acceptance rates and low fees. The platform is also omni-channel, available online, in-store and via mobile, and works across multiple countries through one integration. Backed by Mastercard and American Express Ventures in its latest funding round, Divido has a vision to become the world’s largest platform for point-of-purchase finance.
Divido has been recognized by Google, Forrester and the U.K. Government as leading innovation in the retail and finance industries. To learn more about Divido, visit divido.com.
About Triumph Motorcycles
First established in 1902, Triumph Motorcycles celebrated 110 years of motorcycle manufacture in 2012. For more than two decades, Triumph Motorcycles has been based in Hinckley, Leicestershire, and has produced iconic bikes that perfectly blend authentic design, character, charisma and performance.
Building around 60,000 bikes per year, Triumph is the largest British motorcycle manufacturer and has over 750 dealers across the world. At the heart of Triumph’s philosophy is a commitment and passion to develop truly unique motorcycles that offer a blend of distinctive design, intuitive handling and performance to enjoy the perfect ride.
This focus, innovation and engineering passion has today created a broad range of bikes suited to all motorcycle riders, including the unmistakable Speed Triple, class defining Tiger 800, transcontinental Tiger 1200 and the iconic Triumph Bonneville family.
Triumph currently employs around 2,000 personnel worldwide and has subsidiary operations in the UK, America, France, Germany, Spain, Italy, Japan, Sweden, Benelux, Brazil, India and Thailand, as well as a network of independent distributors. Triumph has manufacturing facilities in Hinckley, Leicestershire and Thailand, plus CKD facilities in Brazil and India.
