Launch of New Lease Finance with Carphone Warehouse

Launch of New Lease Finance with Carphone Warehouse

ThinkSmart Announces Launch of New Consumer Finance Offer with Carphone Warehouse in the UK

16th November 2016

ThinkSmart Limited (ASX: TSM), a leading financial technology company and digital provider of point of sale finance has today announced the launch of its new consumer lease offer in partnership with Carphone Warehouse in the UK.

This follows an announcement in March that ThinkSmart’s UK business agreed a 5 year exclusive contract to provide Carphone Warehouse with multi-channel lease finance for mobile phones building upon the 14 year commercial relationship between ThinkSmart and the Dixons Carphone Group.

The service (product) is being rolled out across 1,000 Carphone Warehouse stores in the UK, following trials over the past month in selected stores.

Commenting, Ned Montarello, ThinkSmart Group Executive Chairman said:

“We’re delighted to announce the arrival of this new product/service to the UK market with Carphone Warehouse. By leveraging our proprietary IP we’ve been able to enter the UK mobile market with an innovative offer which looks set to significantly grow our customer base and provide Carphone Warehouse with additional differentiation in this highly competitive market. We have also executed a funding agreement with one of our existing banking partners to support the product and our anticipated growth. It’s an exciting new evolution of the ThinkSmart/Dixons Carphone existing relationship.”

Further information:
Ned Montarello, Executive Chairman
+61 (0)8 9380 8333
Neil Hackett, Company Secretary
+61 (0) 403 535 391
Michael Mullane, Cannings Corporate Communications
+61 (0)2 8284 9993

Download the full announcement here.

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