Optimizing retail and personal lending with cutting edge technology

NexFin, offer two business lines: a Point of Sale finance platform (NexPay) and a digital smart broker app/SDK (NexLoan). The Point of Sale solution connects retailers with multiple lenders, providing customers with diverse financing options to enhance purchase decisions. The smart broker app offers customers a seamless way to secure financial products efficiently. 

 

By connecting retailers with a network of lenders, the platform enables consumers to make more informed purchasing decisions with access to diverse financing options, thus driving higher conversion rates and increasing average transaction values. The smart broker app further complements this by providing a seamless, user-friendly and dynamic interface that simplifies the process of securing financial products, making it an indispensable tool for tech-savvy consumers in the Kingdom.

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Saudi Arabia's Vision 2030 initiative, which emphasizes digital transformation and economic diversification, creates an ideal environment for Nexfin's innovative offerings. The Kingdom's focus on increasing financial inclusion and the digitalization of services aligns perfectly with the capabilities of both NexPay and NexLoan. As such with our partners we created Nexfin which encompassed both technologies under this Saudi specific brand to execute in country and then across the GCC region.
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​In comparison to similar ventures globally, Nexfin's model stands out due to its dual focus on consumer and retailer needs, making it a comprehensive solution in the fintech space. Companies like Affirm and Klarna have demonstrated the viability and demand for Point of Sale financing. Nexfin's ability to bring other traditional lenders into the space alongside BNPL lenders make NexFin a unique opportunity.

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With a population increasingly inclined toward digital solutions and a government supportive of technological innovation, Nexfin is well-placed to capture significant market share. The strategic alignment with Vision 2030, combined with the operational strengths and local partnerships, underscores why this business model is not only timely but also crucial for meeting the future needs of the Kingdom's financial ecosystem.

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​Nexfin’s introduction of these advanced financial solutions in Saudi Arabia represents a strategic convergence of technology, market knowledge, and local partnerships that is set to redefine the Kingdom’s financial services landscape. 

 

For more information about NexFin and to understand its USPs please contact us.