Press Release
Open Banking: Pledg and Powens partner to popularize BNPL technologies

Paris, October 11, 2022 – The French fintech Pledg, a specialist in payment facilities solutions (Buy Now Pay Later) has signed a partnership with Powens, the French leader in financial data aggregation and pioneer in the Open Finance sector in Europe.    This partnership is addressing the issue of how to handle the insolvency risk […]

date Oct 11, 2022

Paris, October 11, 2022 – The French fintech Pledg, a specialist in payment facilities solutions (Buy Now Pay Later) has signed a partnership with Powens, the French leader in financial data aggregation and pioneer in the Open Finance sector in Europe. 

 

This partnership is addressing the issue of how to handle the insolvency risk of the customers of Pledg‘s partner merchants in France as of now and abroad shortly. 

Moreover, by opting for Powens’s Bank product, which uses Open Banking to access banking data from more than 1,800 European financial institutions, Pledg can be aware of a buyer’s creditworthiness in less than a minute. Pledg’s merchant partner can then grant the buyer financing (split or deferred payment) without affecting the smoothness of the buyer’s journey. 

 

“With Powens’s Bank product, we can retrieve secure data from a buyer’s bank account(s) extremely fast. This helps the merchant decide whether to grant split payment facilities to the buyer and send the buyer a reply within minutes. In addition, we were particularly drawn by Powens’s technology and how easy it was to integrate their systems,
said
Nicolas Pelletier, Pledg CEO. 

 

Spread the Open Finance and payment experience more widely.

Thanks to the journey developed by Powens, the customer experience is even smoother and more transparent. On the merchant’s website, customers are redirected to their banking applications to instantly check their solvency. 


“This technological partnership confirms the relevance and robustness of our technologies in the area of split and deferred payment, a use case that has been very successful lately. We are pleased with the progress made with Pledg and look forward to our forthcoming challenges together,”
said
Bertrand Jeannet, Powens CEO.

 

About Powens
Powens is Open Banking with superpowers. Its unified API goes beyond PSD2 and is helping over 230 leading financial services players create the Open Finance experiences of tomorrow right now. The Open Finance platform offers access to loan and savings account data, investment and crypto-currency data, but also automated collection of invoices and supporting documents.

About Pledg
Pledg is a French fintech created in 2016 by Nicolas Pelletier with the aim of making payment easier. It provides merchants with simple, fluid, digital Buy Now Pay Later financing solutions adapted to each merchant context. These options – payment in installments, after delivery, shared or deferred – optimize conversion and sales while offering an innovative shopping experience to consumers.
Pledg is aimed at B2C/B2B companies (e-commerce sites, marketplaces, physical stores), and at financial institutions wishing to launch their own SaaS payment facilities solution.

 

Powens Press Contact
Cécile Abescat, Head of Marketing & Communications
cecile.abescat@powens.com / +33 6 82 27 61 90

Alae Badioui
Alae Badioui
Digital Marketing Manager