- Consumer finance will enable online course provider to bolster sales by delivering flexible payment options
Deko, a leading multi-lender finance provider, has announced the addition of edtech platform e-Careers to its roster of clients, enabling the online course provider to deliver flexible payment options, making access to education more affordable for its students.
E-Careers is a leading online education provider that has trained 605,000+ people from more than 50 countries since 2011. The company sought a partnership with Deko due to the superiority of Deko’s finance options compared to the rest of the market, with e-Careers previously struggling to get the most out of traditional Buy Now Pay Later (BNPL) tools. Deko, with a tailored panel of lenders behind its products, now empowers e-Careers to offer customers a truly flexible payments solution by covering courses that are more expensive or require longer periods for repayment.
As a result, e-Careers has forecast sales to reach new heights, as a significant portion of its turnover comes through finance. Moreover, the provision of these flexible finance options will ensure that far fewer shoppers abandon their baskets before reaching checkout, even against the backdrop of rising living costs.
Further financial benefits of partnering with Deko include the operational efficiencies that the administrative ease of Deko’s platform has helped unlock for the business. For instance, whereas e-Careers’ sales team previously had to call each student to ensure they kept up with their payment obligations, Deko’s platform streamlines the sales journey through fulfillment and payment.
By partnering with Deko, e-Careers customers are now able to receive a decision on their finance application instantly, saving the mergchant valuable time. In addition, the process of onboarding Deko’s platform was painless from the merchant’s perspective, allowing the business to reap the benefits from the very beginning.
Having recently grown its stable of lenders, which in turn attracted e-Careers, Deko plans to continue this growth with the aim of providing flexible finance to more merchants across multiple sectors.
Varun Bhatt, Co-CEO of e-Careers, commented: “We are confident that partnering with Deko will improve our sales, particularly with the introduction of the unique multi-lender element.
“While students can access finance for going to university, support for those looking to learn new skills online is far more limited. For those hoping to upskill within their industry or even change sectors altogether, offering finance that we can tailor to their individual needs helps differentiate us in the market.”
Melanie Vala, Chief Commercial Officer of Deko, said: “We’re delighted to be providing our payments solution service to e-Careers, which offers valuable courses to upskill and train individuals for the positions they seek in their careers. We look forward to continuing to work with e-Careers to help fuel their growth and provide their students with a better, more flexible way to pay.”
