Wisetack, the leading platform for embedded pay-over-time options for in-person services, today announced a new forward flow capital partnership with Group 1001. Under the agreement, Group 1001 will purchase home services and home improvement loans originated through Wisetack technology and its network of merchants and SaaS partners. This transaction provides a significant capital commitment that enables Wisetack to offer competitive terms to borrowers and create new growth opportunities for merchants.
Focused on the home services sector, this long-term collaboration reflects Group 1001’s recognition of Wisetack’s market leadership and the strength of its platform. By delivering better rates and flexible payment options, merchants can close more sales while helping customers manage the cost of essential projects like plumbing, HVAC, and electrical work.
“We are pleased to partner with Wisetack and support the company’s continued leadership in the home improvement financing market,” said Group 1001 Chief Investment Officer Andrew Kenney. “With a common focus on innovation and delivering lasting value to our customers, we look forward to this partnership and driving new growth opportunities.”
“Both Wisetack and Group 1001 are committed to building a long-term strategic relationship,” said Bobby Tzekin, co-founder and CEO of Wisetack. “This partnership allows us to continue scaling our platform while delivering even greater value to the merchants and customers we serve.”
This announcement follows other milestones for Wisetack, which has rapidly grown to be the leading provider of financing in home services. Wisetack was recently listed in the #21 spot on Inc. 5000’s fastest growing private companies in the U.S. report, and in the #15 spot on Deloitte’s Technology Fast 500 program.
To learn more about Wisetack and its embedded lending platform, visit www.wisetack.com.
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