Jifiti Partners-Up with Tabit to Support B2B Lending Efforts in Canada

StartupBeat Team
By StartupBeat Team August 8, 2023

Tabit, a pioneer of the Buy Now, Pay Later payment methods for businesses, and Jifiti, a multinational embedded lending company, announced today a new partnership to support businesses in Canada.

The partnership, powered by Jifiti’s lending platform, enables merchants to:

  • Access the Tabit plugin from ecommerce platform marketplaces, including Shopify and BigCommerce
  • Customize user experiences based on their needs
  • Immediately start offering installment loans and net terms to business buyers

Jifiti’s platform supports B2B and B2C point-of-sale financing options, including loans, lines of credit, net terms and split payments. With its white-labeled platform, merchants retain full customer ownership.

Tabit was founded in 2021 with the aim to bring the consumer buying experience to B2B. It is powered by Merchant Growth.

Elias Beaino, EVP at Tabit

Said Elias Beaino, EVP at Tabit, “Through our partnership with Jifiti, we look forward to making the business buyer journey as simple, seamless and streamlined as it is for consumers.”

“Using our branded ecommerce platform plugins, merchants in Canada will be able to grow their sales and cart sizes while simultaneously building loyal customer relationships.”

Added Victor Ofstein, Chief Revenue Officer at Jifiti, “We’re excited to be partnering with Tabit to help businesses in Canada easily finance their purchases in the most responsible and affordable way possible.”

“At Jifiti, we strive to form partnerships with like-minded industry leaders in order to bring value to everyone involved, merchants and their customers, and this partnership achieves exactly that.”

Jifiti is a fintech company that supports white-labeled embedded lending solutions for banks, lenders and merchants across the globe.

According to the ratings agency Fitch, in 2023 Canadian banks’ reports showed that loan growth in the country remained strong, at or near double digit levels (year over year), particularly in commercial portfolios.