Victory Park Capital provides $150 mln to Zibby


New York City-based Zibby, a point-of-sale lease payment solution for online and in-store shopping, has secured $150 million in financing. The investor was Victory Park Capital.

PRESS RELEASE

NEW YORK – February 22, 2017 – Zibby, the point of sale, lease payment solution for online and in-store shopping, is announcing the close of an additional 150MM debt facility with Victory Park Capital and has recently partnered with Sears Outlet, Ghostbed, Curacao and Vyze. This comes amid a period of high-growth for the company. Zibby has doubled their origination volume in 2016 by helping retailers target the 65MM non-prime consumers. Zibby will be attending the eTail West event in Palm Springs, CA to bring this solution to enterprise retailers.

The team has grown significantly including key hire Tony Lauro as CFO from Chase PaymentTech. Lauro most recently served as the Chief Financial Officer of JPMorgan Chase Commerce Solutions, where he led a team of 80+ finance professionals across seven locations in the US, Canada and Europe. “By bringing on Tony, we are committed to better serve this growing customer base by hiring the absolute best talent. We look forward to tapping into Tony’s impressive background to help lead Zibby through this period of high-growth that will continue throughout 2017.” – Brandon Wright, CEO, Zibby.

Zibby provides retailers with a risk free payment option for durable goods that is attractive to consumers who don’t qualify for traditional financing options. The company’s solution is the only one in the 10B+ lease-to-own market to support online transactions and a true omnichannel customer experience.

“Online retailers are a bit behind their B&M counterparts in terms of sophistication around customer financing options. We’re excited to connect with leading online retailers at eTail and help them grow sales by offering a payment solution for the 65mm non-prime consumers who historically haven’t been able to shop online,” stated Brandon Wright, CEO, Zibby.

Zac Prince and Ashley Korody from Zibby’s team will be at the eTail West conference and available for meetings.

About Zibby:
A point of sale, lease-to-own payment solution for online and in-store shopping. Zibby’s 30-second no credit required lease purchase option currently serves the 47% of the US population who desire a flexible monthly payment option for durable goods. Zibby integrates seamlessly with retailers online and in-store to allow retailers to grow and delight customers anytime, in any channel.

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