Tabit partners with Lenovo to offer BNPL to B2B customers in Canada

By Gloria Methri

Tabit, Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale, has announced a new partnership with Lenovo. Lenovo will now offer their business customers a BNPL payment method through their Tabit integration.

The partnership will enable Lenovo to offer terms of up to 12 months to their business buyers, including a 30-day option at 0% interest. A first of its kind in the B2B space in Canada, Tabit, and Lenovo will be helping small businesses access immediate and automated financing at the point of sale. This will also help businesses relieve cash flow pressure while benefiting from attractive payment terms and a seamless customer experience.

“Lenovo is thrilled to partner with Tabit in providing Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale”, said Carlo Savino, Lenovo Vice President eCommerce – North and Latin America. “With the world’s widest portfolio of technology products, Lenovo can provide solutions, software, and services that small businesses can leverage to fulfill their potential – now with flexible payment options that allow businesses to invest in technology while managing their cash flow”.

“Through our partnership with Lenovo we are proud to be offering an automated financing option for businesses at the point of sale,” added David Gens, CEO of Tabit. “These past few years have been incredibly volatile, whether it be the effects of the COVID-19 pandemic or turbulence in financial markets, and quick access to financing is paramount in helping small businesses navigate these rapidly changing environments.”

Leveraging Merchant Growth’s data and a 12-year history of underwriting small business risk, Tabit eliminates the credit risk faced by suppliers, offering a user-friendly application process that can generate approvals in 30 seconds.

Tabit gives small businesses the same advantages as large businesses — helping them improve their cash flow and increase their purchasing power — and makes it easier for sellers to convert sales without taking credit risk.