B2B equipment suppliers can now offer finance leasing options at checkout through Deko’s e-commerce platform, expanding payment options and streamlining the integration process of Shire Leasing’s Click2Finance solution. Multi-lender finance provider Deko has announced a strategic partnership with Shire Leasing, one of the UK’s leading independent B2B funding specialists. This collaboration marks a significant milestone as Shire Leasing becomes the first B2B finance lender to be integrated into Deko’s extensive platform, offering a seamless way for business equipment merchants to integrate leasing finance options at checkout.
Shire Leasing’s award-winning Click2Finance solution, which revolutionised the asset finance industry when it was first launched, enables eligible businesses to lease equipment at online checkouts through a true business finance agreement, rather than purchasing outright or using existing retail finance options which hold personal liability against the individual.
A full Click2Finance application can be completed within 15 minutes and if accepted, businesses can access the equipment they need in line with usual fulfilment and delivery timeframes of the merchant but spread their costs over 2 to 5 years, as opposed to existing credit terms which are typically over a number of months at a maximum.
In 2023 alone, almost £40 billion in asset finance was processed (according to FLA statistics), underscoring the clear demand for leasing among UK businesses. Now, through this new partnership, Click2Finance will be available through Deko, making it even easier for B2B equipment vendors to offer flexible payment solutions to their customers.
“Deko have built an extensive B2C lending panel and we’re excited to be including Shire Leasing as our first B2B lender. We chose to partner with them as their solution serves a market that is currently underserved and their focus on a seamless customer experience aligns well with Deko’s offering.”
- Dugan Heaton, Commercial Director, Deko.
Simplified Integration for B2B Equipment Suppliers
Prior to this partnership, B2B equipment vendors often faced the challenge of undertaking significant development work to integrate Click2Finance into their e-commerce checkout. This process could be time-consuming and costly, requiring coordination with development teams and lengthy implementation cycles.
However, the integration of Shire Leasing’s Click2Finance solution through Deko’s platform changes the landscape. For merchants using one of Deko’s 20+ existing e-commerce platform partners, including major platforms like Magento, Shopify, and WordPress, the integration process can now be completed in as little as two hours.
This means that B2B equipment vendors can begin offering leasing at checkout in less than a day, bypassing the need for extensive custom development. As Deko continues with its strategy to partner with more B2B SaaS companies and Payment Service Providers, accessibility to offer Click2Finance will further widen.
A New Era for B2B E-Commerce
The collaboration between Shire Leasing and Deko signals a new era for B2B e-commerce, where equipment suppliers can effortlessly integrate leasing options into their checkout process, enhancing their payment offerings and maximising web-sales conversions by meeting the growing demand for flexible financing solutions.
As Deko’s first B2B lender, Click2Finance opens up new opportunities for equipment vendors to serve their customers better by providing a quick, integrated solution that meets the needs of today’s fast-paced business environment.
Mark Picken, CEO of Shire Leasing, said:
“Shire Leasing has been delivering finance solutions to UK businesses since 1990. Over the years, we have witnessed how e-commerce platforms have redefined B2C shopping with streamlined processes and payment simplicity. Click2Finance is the first solution to mirror those online shopping customer experience expectations in a business capacity.
We’re thrilled to partner with Deko and leverage their extensive e-commerce expertise to enable B2B equipment vendors the option to integrate business leasing options at chekout alongside existing payment options. The partnership will help to increase overall sales conversions in the online B2B marketspace and improve accessibility to flexible finance options for UK SMEs looking to invest and grow affordably.”
To learn more about the award-winning Click2Finance solution, click here.
