Wednesday 4th May 2020
PollenPay partners with Lerex Technology to underpin its payment solution
PollenPay, a UK-based Buy Now Pay Later offering, has selected Lerex Technology as a key partner for payment solutions.
Richard Ney, CEO of Lerex Technology, said: “We have been following PollenPay’s activities for a while and believe they have a great product and vision. We are delighted to have now entered into a formal partnership.”
Lerex Technology is a payment provider which services include prepaid cards, digital accounts solutions and access to payment rails such as Faster Payments and SEPA. In addition, Lerex also offers front-end technology; enabling business payments and consumer challenger banks to come to market quickly and easily.
Leon Wilson, Founder and CEO of PollenPay, said: “We have been impressed by Lerex’s support throughout the process and their willingness to go the extra mile. The team is fantastic, and we are looking forward to a long collaboration with them.”
With this partnership, both companies aim at bringing innovative payment solutions to market for a growing digital payments industry.
PollenPay is a financial technology-driven payments company that enables customers to purchase products and services on a “buy now, pay later” basis, as an alternative to traditional credit.
PollenPay offers its customers a way to purchase products and services straight away without having to pay the full amount, by splitting the cost of a purchase over multiple instalments. The service is free to customers who pay on time and interest is not charged.
Caring about their customers and believing in financial responsibility is what PollenPay stands for. As such, systems have been put in place around their service to make sure their customers don’t fall into persistent debt.
About Lerex Technology
Lerex Technology, established in 2017 and officially launched early 2020, is providing full end to end support for clients wishing to go to market with a prepaid payment solution, from inception to delivery. Based in the UK, Lerex Technology is providing prepaid cards and digital accounts enabling innovative payment products whilst leveraging the Lerex teams experience.
Lerex is another example of an investor backed fintech leading the way in the UK market and using innovation and technology to remove any barriers to entry.
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