Revolving finance

Deepen your customer relationship with multichannel instant credit

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Here's what revolving finance can do for you:


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grow sales

For one of our retailers, cardholders spend 81% more than customers on other tender types.i Convenient payment must be part of any great customer experience strategy.


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INCREASE SPEND FREQUENCY

Need to boost footfall, traffic and spend? We've found that customers with retail finance spend twice as often as those without.i


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DRIVE BRAND LOYALTY

60% of consumers like to have a store card for the shops they use often.ii White labelled to your brand, revolving finance keeps you connected to your customer.


 Point of sale loans

DATA DRIVEN DECISIONS

Revolving finance is a data driver, but it's not enough to create data. We help you create insight into your customer and what influences them.

Multichannel & instant credit puts the customer in control.

We all want to feel in control of our finances. We want to buy swiftly, seamlessly and safely. Revolving finance empowers your customers by helping them stay on top of their finances and in control of their spending. Here's what one consumer had to say, "When you think about it there shouldn't be any issue using a store card if you pay your bills on time. In fact, it's quite helpful to see what you've been spending in store"iii

 

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“I love the interest free and love the offers.”

Rahma, Manchester

Case studies

 

Online Apply & Buy increases ATV by 8%, plus a 172% uplift in new applications

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Retail finance customers deliver up to 81% uplift vs. non-finance customers

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“Low interest rate, little monthly payments plan and easy to use in store & online.”

Deborah, London

Sectors

Home improvements

Home improvements

Point of sale finance options across home improvements. Window, kitchen, bathroom, & boiler businesses are just a few.

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Fashion

Sports and Leisure

Retail Finance for all of your customers sporting & down time activities whether it’s a new bike, skis or a hot tub for relaxing.

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Home furnishings

Sofas, bedrooms, dining, soft furnishings, carpets, flooring & more. Point of sale finance options for every room in the home.

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Auto aftersales and repair

Auto aftersales and repair

Increase your customer satisfaction with convenient  options to spread the cost. Retail Finance is available for servicing, red work & parts.

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Fashion

Fashion

Your customers can wear now, pay later while you increase brand engagement with multichannel revolving finance.

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optical and hearing care

Optical and hearing care

Give your customers the quality & style they want by offering payment options. Finance for glasses, prescription sunglasses & hearing aids.

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New Look

(There are many benefits to instant credit)…. Absolute sales, level of participation in the business, the average transaction value and average frequency of spend of those cardholders…they like us, they like our product and like to have an affiliation with us so they spend more and shop more often.”
PCL Research

Steve Challes, Group Business Development Director, New Look.

Ikano Bank provides fair and responsible lending and does not stretch a consumer's affordability. Consumers can open an account with a £50 limit. This is not something any credit card provider can offer.

Blogs from our revolving finance team

Is direct mail a thing of the past?

Sarah our account manager

Inboxes are bursting and many emails go unopened. Sarah, our Account Manager explores the resurgence of direct mail and gives her view on how brands can approach communication across multiple channels to engage with customers and increase conversion.

 

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It’s not me, it’s you. Keeping it personal with your customers

Georgina our Marketing & Rewards Coordinator

How is your brand saying ‘thank you’, to customers? Is it through simple gestures or ‘wow’ experiences? Gina, our Marketing and Rewards Coordinator gives her view on the necessity of positive and memorable customer experiences.

 

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Promiscuity is the new loyalty

Barry head of revolving finance

Customer promiscuity is bred by convenience and affordability. Capturing the promiscuous audience is the new retail challenge. Barry, our Head of Revolving Finance UK gives his view.

 

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A family owned bank

We’re a family owned bank that’s been providing retail finance in the UK for more than 20 years. Our roots are in retail. The same family that founded IKEA, founded Ikano in 1988. We’re proud of our unique retail heritage and what we’ve learned from it - a strong and simple idea, with a little bit of hard work and good values is important for success. From our UK base in Nottingham, we offer simple retail finance products with over 100 retailers across the UK.

Working with Ikano Bank

Proud to partner with

 

Oasis
Karen Millen
New Look
Warehouse

See retail finance in action with our Resource Hub

White papers, case studies, blogs and top ten tips to grow your business.

Take me to the Resource Hub

i. Ikano Bank retailer research & analysis, 2017 ii. Mintel research, Consumer attitudes towards retail credit, October 2015 iii. New Look, Retail Credit Exploration, Relish research, June 15