Consumers in a furniture store applying for financing on their phone, while working with an associate.
The partnership combines Wonder's in-store sales technology - including digital kiosks and mobile apps serving thousands of furniture retailers - with FormPiper's waterfall fintech platform and LendingClub's innovative lending solutions. Together, the companies are making sophisticated financing tools, previously available only to mass merchants, accessible to independent retailers at no additional cost.
Solving a Critical Industry Gap
Until now, only large enterprise retailers could afford financing waterfall technology that routes consumers through multiple lenders to maximize approvals. Waterfall technology providers have been acquisition targets by lenders, resulting in consolidation and an illusion of choice. Small and medium-sized furniture stores have historically been limited to fragmented single-lender applications, often losing sales when customers don't qualify.
The new platform changes this by offering a complete spectrum of financing options through a single, seamless workflow integrated directly into Wonder's existing retail systems. Wonder's endless aisle kiosk technology then delivers a personalized experience based on approval amounts and terms.
"This partnership levels the playing field for independent retailers," said Kaspar Fopp, CEO of Wonder. "We're enabling furniture stores of all sizes to say 'yes' to more customers by offering the same sophisticated financing options that were previously exclusive to big-box competitors. This directly translates to higher approval rates and increased average order values."
Fast, Frictionless Financing through LendingClub
LendingClub is our premier lending partner, delivering innovative products, frictionless experiences, and advanced underwriting. With more than $100 billion in ...
