Ikano Bank has secured a three-year contract to deliver retail finance solutions for ScS, the nationwide sofa and flooring specialist.
The bank will provide a set of services and flexible point-of-sale products to ScS, including interest-free credit with the option of six- to 48-month payment terms.
Ikano already holds contracts with DFS and Ikea in the home furnishings sector as well as other retail partners.
Ikano Bank’s dedicated insight team will work closely with ScS to analyse how the retail finance offer is performing, the profile of applicants and how current finance products could be improved to enhance the customer experience.
Andy Paver, head of UK partner loans at Ikano Bank, said: “ScS is one of the UK’s best-known furniture and flooring retailers, with strong heritage and brand recognition.
“Simple, responsible and effective point-of-sale finance solutions are an increasingly integral part of the mix for retailers looking to encourage customer engagement and loyalty.
“Our partnership with ScS will allow the retailer to continue to deliver excellent in-store experiences and a strong post-sales support service.”
Ikano Bank – which has its head office based in Nottingham – has provided smart retail finance to more than 100 retailers, including Vision Express, Karen Millen and Oasis.
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