Manchester “millennial finance firm” Payl8r, has signed a new deal, which is expected to generate £24m in revenue within a year.
It has become the exclusive buy now pay later partner for the Faces Consent app, which is used by the aesthetics industry to create client consent forms and purchase pharmaceutical products.
“We’ve been working hard over the past two years to establish ourselves within the beauty and aesthetics industry. This new partnership with Faces Consent will grow our market share and bring in an estimated £24 million in revenue within the first year alone,” explained Samantha Fogerty, Managing Director at Payl8r.
“The app processes around 3000 transactions every day and we’re delighted to offer their 45,000 users flexible finance to buy now and pay later.”
Faces Consent currently has an average of £20k of pharmaceutical sales each day as practitioners purchase products such as toxins and fillers directly within the app.
“We spent a lot of time looking into building our own finance technology, but it soon became apparent it would be easier to partner with an existing buy now pay later brand,” added Ben O’Brien, co-founder and MD of Faces Consent.
“Payl8r was our ideal partner as its proprietary tech is cutting edge and we like the fact that it’s one of the only BNPL firms that is regulated. The team has made this whole process effortless for us and we’re excited to see where this partnership will take us.”