Expansion through partnerships Snap Finance has recently partnered with ChargeAfter Inc. to expand subprime lending options. This collaboration presents an opportunity for sales teams to leverage the expanded network to reach more customers looking for flexible pay-over-time financing solutions.
New CEO with growth potential With the appointment of Ted Saunders as the new CEO, Snap Finance is poised for potential growth and innovation under new leadership. Sales representatives can capitalize on this change to explore new avenues, forge business relationships, and pitch innovative financial solutions to a broader market.
Ethical customer-centric focus Despite past legal challenges, Snap Finance emphasizes a customer-centric approach with a focus on empowering consumers of all credit types. Sales professionals can highlight the company's commitment to ethical practices and inclusive financing options to attract customers seeking fair and transparent financial services.
Tech-driven competitive advantage Snap Finance's advanced technology stack, including Apache Spark and machine learning capabilities, provides a competitive edge in delivering personalized financial solutions. Sales teams can leverage this technological advantage to tailor offerings, enhance customer experience, and stay ahead of competitors in the financial services sector.
Addressing regulatory issues Although facing legal challenges related to data breaches and debt collection, Snap Finance has an opportunity to rebuild trust through transparent communication and compliance with relevant regulations. Sales representatives can proactively address concerns, assure customers of data security measures, and use compliance as a selling point to reinforce trust in the brand.