New Partnership: CloudCart and Klear Launch Promotional Campaign - Free “Free credit”

We are pleased to announce that CloudCart has entered into a new strategic partnership with one of the leading fintech companies in online lending – Klear. The collaboration provides a quick and easy payment method for all merchants through Klears advanced product "Buy in Installments". We are launching with a special promotional campaign with no costs for CloudCart merchants.

About Klear

Klear is the first Bulgarian peer-to-peer platform for shared financing. Founded in 2015, it operates as a non-banking financial institution under the supervision of the BNB.

• Share capital: 3.2 million BGN
• Loans granted: 41.7 million BGN
• Excellent risk management: 1% non-performing loans in the portfolio since inception

"Buy in Installments" with Klear

Thanks to the eCommerce solution “Buy in Installments” with Klear, people can shop online on e-credit with just a few clicks:

• Fully automated process
• Low cost with an interest rate of 14% APR
• Top-notch user experience
• Increased sales with more functionalities at different stages of shopping
• Quick credit decision – upon finalizing the application, the customer receives an immediate response and signs the contract entirely online

Promotional Campaign – Free “Free credit”

All existing and new CloudCart customers can take advantage of Klear’s exclusive promotional campaign - Free “Free credit”.

Terms:

• 0% costs for the merchant for 6-month interest-free credits, financed until August 31, 2024
• Exclusive only for CloudCart merhants

Benefits of Free “Free credit” with Klear

For Merchants:

• Increased Sales: Offering the possibility of buying in installments can attract more customers who prefer to spread payments over time. This leads to higher sales and average order value.
• No Costs for Interest-Free Credits: Klear’s promotional campaign offers 6-month interest-free credits for customers, completely free for merchants until August 31, 2024.
• Enhanced Customer Satisfaction: Providing flexible payment options can improve customer satisfaction and build stronger relationships.

For Customers:

• Quick and Easy Process: Customers can complete the credit application process in just 3 minutes thanks to Klear’s fully automated system.
• Immediate Credit Decision: Upon finalizing the application, the customer receives an immediate response and can sign the contract entirely online, without waiting for a call, visiting an office, or preparing additional documents.
• 0% Interest: During the promotional campaign, customers can benefit from interest-free credits, significantly reducing their overall costs.
• Low Interest Rates: The "Buy in Installments" product with Klear offers low interest rates with a standard cost scheme, making it affordable for a wide range of customers.
• More Flexibility in Shopping: With the ability to pay in installments, customers can better manage their budgets and afford larger purchases without financial strain.

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