Payments and Lending Veterans Launch Wisetack with $19M in Funding to Enable Buy Now, Pay Later for In-Person Services
Summary
SAN FRANCISCO--(BUSINESS WIRE)--Wisetack, a technology company that brings buy now, pay later to in-person services like home and auto repair, announced $19M in total funding from Greylock, Bain Capital Ventures and others. For consumers who dont have the funds to pay now, or want to upgrade to a higher quality product, credit cards are often their easiest option, yet are a terrible way to borrow,” said Bobby Tzekin, CEO of Wisetack. “Buy now, pay later is growing much faster than credit cards, yet existing consumer lending solutions were not designed for in-person businesses like plumbers and mechanics. Businesses like Prime Electrical, Beehive Plumbing and On Time Heating & Cooling have enabled buy now, pay later options through Wisetack with consumers financing everything from a kitchen rewiring, to a water heater replacement, to a new air conditioner. Through a partnership with Wisetack, we’ve built a seamless and customizable financing experience that’s easy to use,” says Ian Heidt, President and Co-Founder at Housecall Pro.